A bill to amend the Internal Revenue Code of 1954 to allow the payment of income tax on certain income support or deficiency payments to wheat and feed grain producers to be made in the year when the income normally received from the crops have been reported.

Summary

Allows certain cash payments received by farmers pursuant to the Food and Agriculture Act of 1977 to be included in gross income in the year the income from the crops would have been reported rather than the year the payments are received.

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

Timeline

1. 22 November 1977

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 22 November 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 22 November 1977

  Open at official source

Sponsors

• Sen. Melcher, John [D-MT] · D · Sponsor
• Sen. McGovern, George [D-SD] · D · Cosponsor
• Sen. Zorinsky, Edward [D-NE] · D · Cosponsor
• Sen. Abourezk, James [D-SD] · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.