Farm Savings Account Act of 2007
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.
Other Bill Titles (2 more) 10/16/2007--Introduced.
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 use distributions from such accounts to offset operational lo... moreSee Full Bill Text
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| October 16, 2007 |
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Blog Coverage
February 24, 2008 Barack Blair Obama
I found that S. 2167 was a bill to "amend the USA PATRIOT ACT to extend the sunset of certain provisions of that Act and the lone wolf provision of the Intelligence Reform and Terrorism Prevention Act of 2004 to July 1, 2006. ...
Source: The Newshoggers
October 15, 2007 Bill Action: Introduced: S. 2167: A bill to amend the Internal ...
Jefferson Sessions [R-AL] introduced S. 2167: 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 ...
October 15, 2007 S. 2167, A bill to amend the Internal Revenue Code of 1986 to ...
S. 2167 would 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 ...










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