A bill to amend the Internal Revenue Code of 1954 to allow the Secretary of Agriculture to designate drought areas for purposes of allowing the special tax treatment for the proceeds from livestock sold on account of drought.
Drought Income Deferral Act of 1981 - Amends the Internal Revenue Code to allow the Secretary of Agriculture, after consultation with the Secretary of the Treasury, to designate drought areas for purposes of allowing the special tax treatment for the proceeds from livestock sold on account of drought.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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