Summary: H.R.2333 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.2333. Bill summaries are authored by CRS.

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Introduced in House (05/14/1991)

Farmer Retirement Security Act - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farm property to the extent that the proceeds are paid into an individual retirement account. Establishes limitations on such rollover amounts per individual and per family. Denies an itemized deduction for such rollover amounts and exempts such amounts from limitations on contributions to individual retirement accounts.