Senate Roll Call 527

99th Congress · 1986-06-24

H.R. 3838: TO TABLE A MOTION TO WAIVE SECTION 303 (THE REVENUE NEUTRALITY REQUIREMENT) OF THE CONGRESSIONAL BUDGET ACT WITH RESPECT TO CONSIDERATION OF THE MELCHER, MT)-ZORINSKY, NE) AMENDMENT TO HR 3838, TAX REFORM ACT. THE AMENDMENT WOULD ALLOW A 30 PERCENT CAPITAL GAINS EXCLUSION FOR THE SALE OF PROPERTY BY AN INDIVIDUAL ACTIVELY ENGAGED IN THE TRADE OR BUSINESS OF FARMING OR WOODLOT OPERATIONS, AND WOULD LIMIT NET OPERATING LOSS CARRYBACK. A POINT OF ORDER WAS EARLIER MADE THAT THE AMENDMENT WAS IN VIOLATION OF THE CONGRESSIONAL BUDGET ACT.