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United States · Bill · HR

H.R. 3903 (100th)

Family Farm Tax Accounting Relief Act of 1988

openUnited States· United States Congress· EN

Introduced

3 February 1988

Last action

Status

Provisions of Measure Incorporated Into H.R.4333.

Sponsors

Subjects

Discovery layer

Source updated

28 August 2025

Summary

Family Farm Tax Accounting Relief Act of 1988 - Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any animal produced in a farming business, regardless of the animal's preproductive period. Permits an exception from required use of the accrual method of accounting for family farm corporations having gross receipts of $5,000,000 or less for each prior taxable year after 1985.

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1 official file

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