H.R. 1882 · 110th Congress · 2007–2008
Farm Risk Management Act of 2007
H.R. 1882 in the 110th Congress (2007–2008) was introduced on Apr 17, 2007, sponsored by Terry Everett with 5 co-sponsors.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Apr 17, 2007
- Co-sponsors
- 5
- Policy area
- Taxation
What it does
Farm Risk Management Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt farm risk management accounts to allow taxpayers engaged in the business of farming or ranching to use distributions from such accounts to offset operational losses in lieu of receiving, after a specified transitional period, federal subsidies to purchase crop insurance; (2) allow a tax deduction for cash contributions to such acco…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Terry Everett (R-AL). Co-sponsors: 2 Democrats, 3 Republicans.
Where it stands
- IntroducedApr 17, 2007
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Executive Comment Requested from USDA. (May 4, 2007)
More bills from Terry Everett in the 110th Congress
Other Taxation bills in the 110th Congress
- H.R. 3678: Internet Tax Freedom Act Amendments Act of 2007
- H.R. 4118: To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the…
- H.R. 3648: Mortgage Forgiveness Debt Relief Act of 2007
- H.R. 3996: Tax Increase Prevention Act of 2007
- H.R. 4839: Tax Technical Corrections Act of 2007
- S. 2436: A bill to amend the Internal Revenue Code of 1986 to clarify the term of the Commissioner of…
- H.R. 6081: Heroes Earnings Assistance and Relief Tax Act of 2008
- H.R. 6532: To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance.
- H.R. 7082: Inmate Tax Fraud Prevention Act of 2008
- S. 14: Invest in America Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 1882 (110th Congress): Farm Risk Management Act of 2007,” https://www.capitolreceipts.com/bill/110-hr-1882/farm-risk-management-act-of-2007 (accessed 2026-10-17).