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S 5224 United States Senate · 117th Congress

Family Farmer and Rancher Tax Fairness Act of 2022

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExcludes debt relief payments from taxable income for farmers/ranchers at financial risk, providing direct tax relief to vulnerable groups.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2022
Committee Review
Floor Vote
President
Introduced Dec 8, 2022 Last action Dec 8, 2022
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Dec 8, 2022
Committee
Read twice and referred to the Committee on Finance.
upper
Dec 8, 2022
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Cory A. Booker
Cory A. Booker
DDemocratic
NJ
n/a
Co
Photo of Debbie Stabenow
Debbie Stabenow
DDemocratic
MI
n/a
Co
Photo of Raphael G. Warnock
Raphael G. Warnock
DDemocratic
GA
n/a
Co
Photo of Tina Smith
Tina Smith
DDemocratic
MN
n/a