S 362 · 107th Congress 2001–2003, ended

A bill to amend the Internal Revenue Code of 1986 to provide an exclusion for gain from the sale of farmland which is similar to the exclusion from gain on the sale of a principal residence.

Introduced Feb 15, 2001 Originated Senate Sponsor Byron L. Dorgan D-ND

Fact sheet

Latest action · Feb 15, 2001 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedFeb 15, 2001
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Amends the Internal Revenue Code to exclude from gross income up to $500,000 ($250,000 for a married individual filing separately) from the sale of qualified farm property, reduced by the aggregate amount of gain excluded for all preceding taxable years.

Cosponsors 4

Members who signed on, in the order they did. Signatures ran from Feb 15, 2001 to Mar 27, 2001, with 3 there on the day it was introduced.

Seat	Cosponsor		Signed on
D-AR	Blanche L. Lincoln	Original	Feb 15, 2001
R-NE	Chuck Hagel	Original	Feb 15, 2001
D-SD	Thomas A. Daschle	Original	Feb 15, 2001
D-ND	Kent Conrad		Mar 27, 2001

Actions 3

Everything that happened, newest first.

Feb 15, 2001Introduced in Senate
Feb 15, 2001Read twice and referred to the Committee on Finance.
Feb 15, 2001Sponsor introductory remarks on measure. (CR S1502-1503)

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.