H.R. 2034 · 109th Congress
Beginning Farmers and Ranchers Act of 2005
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TerrySponsor47 cosponsors · 14 D, 33 R
R
Bartlett
SB
D
Bishop
CC
R
Cannon
SG
R
Graves
RH
D
Hinojosa
RK
D
Kind
MK
R
Kennedy
SK
R
King
JM
R
McHugh
JM
D
Marshall
EP
D
Pomeroy
RP
R
Paul
MP
R
Pence
MS
R
Souder
MS
R
Simpson
DS
D
Scott
ET
D
Towns
TM
R
Murphy
TO
R
Osborne
JW
R
Walsh
DB
R
Burton
SH
D
Herseth Sandlin
TJ
R
Johnson
CB
R
Boustany
RL
R
Lewis
MM
R
McCaul
CM
R
McMorris Rodgers
BO
R
Otter
DR
R
Rehberg
RS
R
Simmons
JS
D
Salazar
LD
D
Davis
JK
R
Kingston
RK
R
Kuhl
CN
R
Norwood
SP
R
Pearce
DH
R
Hastings
JS
R
Schwarz
JD
R
Duncan
TL
R
Latham
NR
D
Rahall
SR
D
Reyes
GD
R
Davis
MR
D
Ross
BG
D
Gordon
JB
R
Boozman
FL
R
Lucas17 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Beginning Farmers and Ranchers Act of 2005 - Amends the Internal Revenue Code to exclude from gross income 100 percent of the gain, up to $500,000, from the sale of qualified farm property to a first-time farmer who certifies that such property will be used for farming purposes for ten years.
What it does: CRS summary · Introduced in House · Apr 28, 2005
Beginning Farmers and Ranchers Act of 2005 - Amends the Internal Revenue Code to exclude from gross income 100 percent of the gain, up to $500,000, from the sale of qualified farm property to a first-time farmer who certifies that such property will be used for farming purposes for ten years. Allows: (1) a 50 percent exclusion for the sale of qualified farm property to any other person who certifies that such property will be used for farming purposes for ten years; and (2) a 25 percent exclusion for the sale of qualified farm property to any other person for any other use. Defines "qualified farm property" as real property located in the United States which is used for farming purposes for a specified three-year period and in which there was material participation by the taxpayer or the taxpayer's spouse or family member. Requires the recapture of tax benefits if qualified farm property is sold or ceases operation as a farm before the required ten-year period.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Beginning Farmers and Ranchers Act of 2005
Latest action (Apr 28, 2005): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 28, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.