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Family Farmer and Rancher Tax Fairness Act of 2022

1/13/2023, 5:16 AM

Congressional Summary of S 5224

Family Farmer and Rancher Tax Fairness Act of 2022

This bill excludes from the gross income of certain farmers, ranchers, and forest land owners who are at financial risk payments for debt relief and for remedying past discrimination against such individuals.

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Current Status of Bill S 5224

Bill S 5224 is currently in the status of Bill Introduced since December 8, 2022. Bill S 5224 was introduced during Congress 117 and was introduced to the Senate on December 8, 2022.  Bill S 5224's most recent activity was Read twice and referred to the Committee on Finance. as of December 8, 2022

Bipartisan Support of Bill S 5224

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
3
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5224

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 5224

Family Farmer and Rancher Tax Fairness Act of 2022
Family Farmer and Rancher Tax Fairness Act of 2022
A bill to exclude from gross income certain assistance provided to farmers, and for other purposes.

Comments

Sponsors and Cosponsors of S 5224

Cory A. Booker
Cory A. Booker
New JerseyDemocrat
Raphael G. Warnock
Raphael G. Warnock
GeorgiaDemocrat
Tina Smith
Tina Smith
MinnesotaDemocrat
Debbie Stabenow
Debbie Stabenow
MichiganDemocrat

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