A bill to amend the Internal Revenue Code of 1986 to treat farming corporations in the same manner as other corporations for purposes of the limitations on the use of the cash method of accounting.

referredUnited States· United States Congress· EN

Introduced

25 June 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code (IRC) to: (1) apply to a farming business the same limitation on the use of the cash method of accounting that is applied to other corporations; and (2) repeal the particular IRC section governing the method of accounting to be used by corporations engaged in farming, thus eliminating such corporations as a special entity for tax accounting purposes.

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Documents

1 official file

Introduced in House
summary · EN · 25 June 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/2785
Open data entity: https://api.congress.gov/v3/bill/100/hr/2785