Summary: S.2350 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for S.2350. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/22/1986)

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to allow an extension of time for the filing of claims for credit or refund of Federal income taxes for insolvent farmers who were exempted by such Act from the alternative minimum tax on capital gains realized on the transfer or sale of farmland under threat of foreclosure or in cancellation of indebtedness.