To amend the Internal Revenue Code of 1986 to allow taxpayers to include citrus canker tree replacement payments made by the Secretary of Agriculture as income or gain over a 10-year period.

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Bill Number

HR 2824

Introduced

Aug 2, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Agriculture and Food Business income tax Citrus fruits Commerce Compensation (Law) Environmental Protection Farm income Fruit trade Income tax Indemnity Law Public Lands and Natural Resources Tax administration Taxation Tree diseases

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Votes

Summary

Amends the Internal Revenue Code to allow taxpayers to take citrus canker tree replacement payments into account as income or gain ratably over the ten-year period beginning with the taxable year in which the taxpayer receives or accrues the payment.

Actions

Aug 2, 2001

Referred to the House Committee on Ways and Means.
Aug 2, 2001

Introduced in House

Amendments

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