Political Quotes

Gene Taylor: “Reclaiming my time, let me ask the gentleman this: Is it fair market value if the 1 dollar an acre that the man bought…”

On the recordMarch 2, 1995
Reclaiming my time, let me ask the gentleman this: Is it fair market value if the 1 dollar an acre that the man bought it for during the Depression, is it fair market value for the $5,000 an acre that the man from the Midwest and does not know what a coastal marsh is worth, or he in good faith paid $5,000, or is it $50,000 an acre that it would be worth if he could build the shopping center? I would ask the gentleman from Florida [Mr. Canady], with a rule of law, why are we so afraid to define something and why do not we define it in this bill?
Said by
Gene Taylor
Mississippi
Source
govinfo.gov

Editor's note · Context

Questioning the definition of fair market value in a legislative context.

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