About the bill
- Full Title
A bill to amend the Internal Revenue Code of 1986 to authorize agricultural producers to establish and contribute to tax-exempt farm savings accounts in lieu of obtaining federally subsidized crop insurance or noninsured crop assistance, to provide for contributions to such accounts by the Secretary of Agriculture, to specify the situations in which amounts may be paid to producers from such accounts, and to limit the total amount of such distributions to a producer during a taxable year, and for other purposes.
- Summary (CRS)
Farm Savings Account Act of 2007 - Amends the Internal Revenue Code to:(1) establish tax-exempt farm savings accounts to allow taxpayers engaged in the business of farming or ranching to ...
Read more >
The bill’s title was written by its sponsor.
Oct 16, 2007
This is the first step in the legislative process.
Read Text »
This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 2167”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
- Committee Assignments
The committee chair determines whether a bill will move past the committee stage.
There have been no roll call votes related to this bill.
- Related Bills
Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.
Farm Risk Management Act of 2007
Referred to Committee
Last Action: Apr 17, 2007
Search for similar bills.
Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2015). S. 2167 — 110th Congress: Farm Savings Account Act of 2007. Retrieved from https://www.govtrack.us/congress/bills/110/s2167
“S. 2167 — 110th Congress: Farm Savings Account Act of 2007.” www.GovTrack.us. 2007. December 2, 2015 <https://www.govtrack.us/congress/bills/110/s2167>
|title=S. 2167 (110th)
|accessdate=December 2, 2015
|author=110th Congress (2007)
|date=October 16, 2007
|quote=Farm Savings Account Act of 2007