H.R. 1882 - Farm Risk Management Act of 2007
Taxation. 110th Congress (2007-2008) View bill details
- Sponsor:
- Terry Everett
- Summary:
- To amend the Internal Revenue Code of 1986 to authorize agricultural producers to establish and contribute to tax-exempt farm risk management 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. (by CRS)
- Status:
- The bill has been introduced.
There have been no votes on this bill.
Farm Risk Management Act of 2007
H.R. 1882 — 110th Congress (2007–2008)
- Summary
- To amend the Internal Revenue Code of 1986 to authorize agricultural producers to establish and contribute to tax-exempt farm risk management 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. (by CRS)
- Learn More
- at OpenCongress
- Title
- To amend the Internal Revenue Code of 1986 to authorize agricultural producers to establish and contribute to tax-exempt farm risk management 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 Titles
- Farm Risk Management Act of 2007
- Sponsor
- Terry Everett
- Co-Sponsors
- Subjects
- Taxation
- Agricultural subsidies
- Agriculture
- Crop insurance
- Farm income
- Farmers
- Finance
- Income tax
- Insurance premiums
- Law
- Saving and investment
- Tax deductions
- Tax exemption
- Tax penalties
- Trusts and trustees
- Related Bills
- Major Actions
Introduced 4/17/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 4/17/2007 4/17/2007 Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 4/17/2007 Referred to House Ways and Means 4/17/2007 Referred to House Agriculture 4/17/2007 Sponsor introductory remarks on measure. (CR E764) 5/04/2007 Referred to the Subcommittee on General Farm Commodities and Risk Management. 5/04/2007 Executive Comment Requested from USDA. Number Sponsor Date Offered Status
- Total Contributions
- Contributions by Vote
- $ Near Votes
- Timeline of Contributions
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Includes reported contributions to congressional campaigns of House members in office during the 110th U.S. Congress, from interest groups invested in the vote according to MAPLight.org, January 1, 2007 – December 31, 2008.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
