United States · Bill · S
S. 1753 (101st)
A bill to amend the Internal Revenue Code of 1986 to restore income averaging for qualified farmers.
Introduced
12 October 1989
Last action
—
Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
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.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 12 October 1989
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/1753
- Open data entity: https://api.congress.gov/v3/bill/101/s/1753