S. 2129 — A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules with respect to animals produced in a farming business.

Summary

Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any animal produced in a farming business, regardless of the animal's preproductive period.

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Related Legislation

H.R. 3907A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules with respect to animals produced in a farming business.
1988-11-10Provisions of Measure Incorporated Into H.R.4333.
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Legislative Actions

1988-03-03
Introduced in Senate
1988-03-03
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules with respect to animals produced in a farming business.

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