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H.R. 317: Fresh Fruit and Vegetable Grower Tax Incentive Act of 2011
To amend the Internal Revenue Code of 1986 to allow a credit against tax for certain fruit and vegetable farmers.
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Introduced :
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Wed, Jan 19, 2011
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Sponsor :
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Status :
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introduced Wed, Jan 19, 2011
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May-12
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0 Total Hits For All Bills
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Co-Sponsors
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Actions
| Date | Type | Description | Result |
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1/1/0001
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action
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Referred to the House Committee on Ways and Means.
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Rolls
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Committee Assignments
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Subject Terms
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Related Legislative
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Amendments
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Titles Assigned
| Type | AS | Title |
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short
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introduced
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Fresh Fruit and Vegetable Grower Tax Incentive Act of 2011
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official
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introduced
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To amend the Internal Revenue Code of 1986 to allow a credit against tax for certain fruit and vegetable farmers.
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SUMMARY:
1/19/2011--Introduced.
Fresh Fruit and Vegetable Grower Tax Incentive Act of 2011- Amends the Internal Revenue Code to allow farmers whose gross receipts attributable to fruit and vegetable farming were not more than $500,000 for the previous taxable year a business-related tax credit equal to the lesser of $10,000 or the taxable income attributable to fruit and vegetable farming. Defines "fruit and vegetable farming" as the farming and sale of fruits, vegetables, or both in fresh form generally considered as perishable, but not including any grains or any perishable fruits and vegetables which have been manufactured into articles of food of a different kind or character.
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