The Tax Reform Act of 1969

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Excerpt from The Tax Reform Act of 1969: Provisions of Significance to FarmersThe last major overhaul of the tax system was in 1954. Since then, a need has been felt to deal further with the problems of the tax structure and to achieve a more lasting reform of the system. Important first steps to ward such reforms took place during the first session of the 9lst Congress.These steps resulted in eventual passage of h.r. 13270, an act to reform the income tax laws, by the House of Representatives in August 1969. The Senate Finance Committee reworked the House bill, producing a version that was further amended on the Senate floor. Differences between Senate and House versions were resolved in con ference, and on December 30, 1969, the Tax Reform Act of 1969 became law with the President's signature. The 255-page bill represented a sweeping revision of the Internal Revenue Code.This publication reviews changes in Federal tax laws brought about by the 1969 legislation, and provides back ground information relative to the issues behind these changes. Several tax changes relate directly to the farm ing sector. These changes are discussed in the first part of the publication. The second part contains information on general tax reform and relief provisions that affect farm ers along with other taxpayers.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.