Senate Roll Call 520

99th Congress · 1986-06-18

H.R. 3838: TO TABLE THE MELCHER, MT) AMENDMENT TO HR 3838, TAX REFORM ACT, WHICH WOULD ALLOW A 30 PERCENT CAPITAL GAINS EXCLUSION FOR THE SALE OF FARM PROPERTY BY AN INDIVIDUAL ACTIVELY ENGAGED IN THE TRADE OR BUSINESS OF FARMING OR IN SMALL WOOD LOT OPERATIONS TO INCLUDE DEFERRED FOREIGN INCOME OF UNITED STATES SHAREHOLDERS OF CONTROLLED FOREIGN CORPORATIONS IN THE COMPUTATION OF ALTERNATIVE MINIMUM TAXABLE INCOME.