To amend the Internal Revenue Code of 1986 to extend the replacement period from 2 to 5 years for livestock sold on account of drought, flood, or other weather-related conditions.
Last action on Jan 27, 2003Referred to the House Committee on Ways and Means.
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Summary
Amends Internal Revenue Code provisions concerning involuntary conversions to extend the replacement period from two to five years for livestock sold on account of drought, flood, or other weather-related conditions.
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