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.

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Status In Committee
Sponsor John Melcher
Citation 96-S-618
Actions 2
Introduced Mar 12th, 1979
Cosponsors
Last Action Mar 12th, 1979
Policy Area
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Introduced Senate Mar 12
Senate
House
President
Enacted

Summary

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What this bill does

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Permits cash basis taxpayers to report as income, support or deficiency payments on wheat and feed grains received pursuant to the Food and Agriculture Act of 1977 in the taxable year in which the income normally received from the crops would have been reported.

Actions

2
Senate
INTRODUCED
INTRODUCED
Mar 12, 1979
ON FLOOR
REFERRED TO COMMITTEE
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