HR 466 · 100th Congress · Taxation

A bill to terminate the cash method of accounting for certain large food processing concerns.

Introduced 1987-01-07· 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.(1987-01-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to prohibit certain large food processing concerns from using the cash method of accounting for income tax purposes. Defines "processing" to include the slaughter or evisceration of livestock.…

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