A bill to amend the Internal Revenue Code of 1954 to permit farmers to elect the year in which crop deficiency payments are to be included in income.

Summary

Amends the Internal Revenue Code to allow farmers to include crop deficiency payments in gross income either in the year of receipt or, if the year of receipt is the crop year, in the next following year, or, if not received in the crop year, in the taxable income for the previous year.

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

Timeline

1. 8 March 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 8 March 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 8 March 1978

  Open at official source

Sponsors

• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Curtis, Carl T. [R-NE] · R · Cosponsor
• Sen. Hansen, Clifford P. [R-WY] · R · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Talmadge, Herman E. [D-GA] · D · Cosponsor
• · ssfi00 · Standing

Related records

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