A bill to amend the Internal Revenue code of 1986 to expand income averaging to small agriculture-related businesses.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the averaging of farming income for individuals engaged in the qualified business of servicing or selling agricultural products, including fertilizers, seeds, and equipment. Defines a qualified business as one which: (1) receives at least 75 percent of its gross receipts from a farming business; and (2) employed no more than 100 full- time employees during the preceding taxable year. Terminates such allowance after December 31, 2002.…