HR 4644 · 105th Congress · Taxation

To permit farmers the option of declaring the taxable year in which production flexibility contract payments and crop insurance payments are included in gross income.

Introduced 1998-09-25· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1998-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] Allows farmers to include 1999 production flexibility contract payments as income for 1998 or 1999. Amends the Internal Revenue Code to make Federal Crop Insurance Act payments eligible for one-year income deferral.…

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

Cosponsors (1)

1 Republican
Rep. McHugh, John M. [R-NY-24]NY