US SB493 | 2013-2014 | 113th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on March 7 2013 - 25% progression, died in committee
Action: 2013-03-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 7 2013 - 25% progression, died in committee
Action: 2013-03-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act - Amends the Internal Revenue Code to: (1) establish tax-exempt dairy farm savings accounts to allow taxpayers engaged in the trade or business of dairy farming to use distributions from such accounts to pay business expenses; (2) allow a deduction from gross income for cash contributions to such accounts; and (3) set forth tax rules relating to, and penalties for, account distributions, excess contributions, and prohibited transactions.
Title
Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act
Sponsors
| Sen. Charles Schumer [D-NY] | Sen. Mike Crapo [R-ID] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-03-07 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Agricultural insurance
Agricultural prices, subsidies, credit
Bank accounts, deposits, capital
Business investment and capital
Income tax deductions
Taxation
Agricultural prices, subsidies, credit
Bank accounts, deposits, capital
Business investment and capital
Income tax deductions
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/senate-bill/493/all-info |
| Text | https://www.congress.gov/113/bills/s493/BILLS-113s493is.pdf |
