To amend the Internal Revenue Code of 1986 to exclude from gross income the first $5,000 of each transitional payments under the Fair and Equitable Tobacco Reform Act of 2004.
Small Tobacco Farmer Tax Relief Act of 2005 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 annually of contract payments to tobacco quota holders and producers of quota tobacco provided by the Fair and Equitable Tobacco Reform Act of 2004. Terminates such tax exclusion for taxable years beginning after 2014.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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