S. 493
Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act
Read twice and referred to the Committee on Finance.
Sponsor
Sen. Schumer, Charles E. [D-NY]
Bill Details
- Update Date
- Mar 3, 2022
- Origin Chamber
- Senate
- Bill Type
- S
- Bill Number
- 493
- Congress
- 113
- Introduced Date
- Mar 7, 2013
- Policy Area
- Taxation
- Is Law
- No
Read twice and referred to the Committee on Finance.
Source: Senate
Introduced in Senate
Source: Library of Congress
Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act - Amends the Internal Revenue Code to: (1) establish tax-exempt dairy farm savings accounts to allow taxpayers engaged in the trade or business of dairy farming to use distributions from such accounts to pay business expenses; (2) allow a deduction from gross income for cash contributions to such accounts; and (3) set forth tax rules relating to, and penalties for, account distributions, excess contributions, and prohibited transactions.
Finance Committee
Introduced in Senate
Mar 7, 2013