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S. 2388·105th Congress·Senate Bill
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.
IntroducedTrack
IntroducedIn committeePassed HousePassed SenateTo PresidentBecame law
Latest action (30 Jul 1998): Introduced
What this bill does
Plain-English summary
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Amends the Internal Revenue Code to provide for a limited exclusion from gross income of gain from the sale or exchange of qualified farm property.
Common questions
- What does S. 2388 do?
- Amends the Internal Revenue Code to provide for a limited exclusion from gross income of gain from the sale or exchange of qualified farm property.
- Has S. 2388 become law?
- Not yet. As of 30 Jul 1998, S. 2388 is introduced.
- Who sponsored S. 2388?
- S. 2388 was sponsored by Sen. Byron Dorgan [D-ND, 1992-2010] (Democrat-ND), with 0 cosponsors.
- What's the latest action on S. 2388?
- Introduced (30 Jul 1998).
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