Payment-in-Kind Tax Treatment Act of 1983

'The Payment-in-Kind Tax Treatment Act of 1983' is a law enacted by the US Congress on March 11, 1983. The Act relieves qualified taxpayers from income tax on commodities received under the 1983 payment-in-kind programs and allows them to be treated as if they were produced by the taxpayer themselves. It also provides anti-abuse rules for land diverted under such programs and defines key terms related to the legislation. The law was studied and reported on by the Secretary of the Treasury, with recommendations provided to Congress.