S. 2129 (100th): 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.

Introduced:
Mar 03, 1988 (100th Congress, 1987–1988)
Sponsor:
Sen. Max Baucus [D-MT]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on March 3, 1988, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 03, 1988
Referred to Committee Mar 03, 1988
Cosponsors
46 cosponsors (24R, 22D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/3/1988--Introduced.
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.

House Republican Conference Summary

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