Summary: S.1157 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for S.1157. Bill summaries are authored by CRS.

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Introduced in Senate (09/09/1997)

Disapproves the President's cancellations (line item veto) of provisions in the Taxpayer Relief Act of 1997 that provide for: (1) tax exemptions for active financing income of certain financial service providers; and (2) nonrecognition of gain on sales of stock of qualified farm product refiners or processors to eligible farmers' cooperatives.