A bill to amend the Internal Revenue Code of 1986 to restore income averaging for qualified farmers.

Summary

Repeals specified provisions of the Tax Reform Act of 1986 that eliminated income averaging. Amends the Internal Revenue Code to permit the use of income averaging by any person: (1) actively engaged in the trade or business of farming; and (2) whose gross receipts for each of the three preceding taxable years does not exceed $5,000,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 October 1989

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 12 October 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 12 October 1989

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Sanford, Terry [D-NC] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.