There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/15/1980)

Amends the Internal Revenue Code to allow agricultural land owners a nonrefundable income tax credit equal to 20 percent of the expenditures paid or incurred for purposes of soil conservation, prevention of soil erosion, reduction or control of agriculture-related pollution, and for specified activities relating to the treatment or moving of earth. Requires the recapture of amounts allowed as a credit under the provisions of this Act if the taxpayer disposes of such agricultural lands within three years of the taxable year in which such credit is claimed.