HR 122 · 100th Congress · Taxation

A bill to restore income averaging for farmers.

Introduced 1987-01-06· Sponsored by Rep. Daub, Hal [R-NE-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow qualified farmers to use income averaging. Defines "qualified farmer" as a person who: (1) is actively engaged in the trade or business of farming; and (2) has 50 percent or more of income for the three preceding taxable years which is attributable to such trade or business.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans