HR 905 · 108th Congress 2003–2005, ended

Family Farm Tax Simplification Act of 2003

Introduced Feb 25, 2003 Originated House Sponsor Earl Pomeroy D-ND

Fact sheet

Latest action · Feb 26, 2003 Sponsor introductory remarks on measure. (CR E290-291)

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 25, 2003
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Family Farm Tax Simplification Act of 2003 - Amends the Internal Revenue Code to exempt from treatment as a partnership a qualified farming joint venture conducted by a jointly-filing husband and wife. Provides that income, gain, loss, deductions, and credits shall be equally divided, and treated as if attributable to a trade or business conducted by each spouse as a sole proprietor.

Defines "qualified farming joint venture."

Amends the Code and the Social Security Act to treat such income as net earnings from self-employment, respectively.

Cosponsors 1

Members who signed on, in the order they did. All signed on Feb 25, 2003.

Seat	Cosponsor		Signed on
R-NY	Amo Houghton	Original	Feb 25, 2003

Actions 3

Everything that happened, newest first.

Feb 26, 2003Sponsor introductory remarks on measure. (CR E290-291)
Feb 25, 2003Introduced in House
Feb 25, 2003Referred to the House Committee on Ways and Means.

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.