H.R. 2537 — To amend the Internal Revenue Code of 1986 to exempt farm equipment and other property used in farming from the requirement that all gain on the sale of such property be recognized in the year of the sale. | PoliFocus
H.R. 2537106th Congress
To amend the Internal Revenue Code of 1986 to exempt farm equipment and other property used in farming from the requirement that all gain on the sale of such property be recognized in the year of the sale.
Amends the Internal Revenue Code to exempt the installment sale of depreciable farm property from the requirement of year-of-sale gain (recapture) recognition.
Full Text
Legislative Actions
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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