HR 2277 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide an exemption from the minimum tax for capital gains on sales of farm property by insolvent farmers.

Introduced 1985-04-30· Sponsored by Rep. Lightfoot, Jim [R-IA-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1985-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide an exemption from the minimum tax for capital gains on sales of farm property by insolvent farmers.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

3 Democrats17 Republicans
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Frank, Barney [D-MA-4]MA
Rep. Leach, James A. [R-IA-1]IA
Rep. Bateman, Herbert H. [R-VA-1]VA
Del. Blaz, Ben G. [R-GU-At Large]GU
Rep. Kindness, Thomas N. [R-OH-8]OH
Rep. Madigan, Edward R. [R-IL-15]IL
Rep. Skeen, Joe [R-NM-2]NM
Rep. Smith, Neal Edward [D-IA-4]IA
Rep. Evans, Cooper [R-IA-3]IA
Rep. Craig, Larry E. [R-ID-1]ID
Rep. Strang, Michael L. [R-CO-3]CO
Rep. Kemp, Jack [R-NY-31]NY
Rep. Nielson, Howard C. [R-UT-3]UT
Rep. Myers, John T. [R-IN-7]IN
Rep. Lott, Trent [R-MS-5]MS
Rep. Stangeland, Arlan [R-MN-7]MN
Rep. Smith, Virginia [R-NE-3]NE
Rep. Smith, Robert [R-OR-2]OR
Rep. Roberts, Pat [R-KS-1]KS