legislation: 95-hr-11641
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 95-hr-11641 | 95 | hr | 11641 | Farm Tax Equity Act | Income tax | 1978-03-20 | 1978-03-20 | Referred to House Committee on Ways and Means. | House | Rep. Baucus, Max [D-MT-1] | MT | D | B000243 | 0 | Farm Tax Equity Act - Amends the Internal Revenue Code to limit the deductions attributable to the trade or business of farming to a maximum amount consisting of the sum of the taxpayer's gross income plus $15,000 reduced by the amount by which the nonfarm adjusted gross income of such taxpayer exceeds $15,000. States that such limitation shall not apply if the taxpayer's nonfarm adjusted gross income does not exceed $15,000, or if the taxpayer elects to compute his taxable income on the annual accrual method of accounting. | 2025-09-02T17:10:03Z |