An Act relating to the year for including in income payments under the Agricultural Act of 1949 received in 1978 but attributable to 1977, and to extend for one year the existing treatment of State legislators' travel expenses away from home.

[AI summary unavailable — showing source text] Permits a taxpayer to elect to include certain crop payments received in 1978 in 1977 income, if such payments are either: (1) cash payments under the Agriculture Act of 1949 for crop disaster losses sustained in 1977, providing it is established that, under the taxpayer's practice, income from the lost crops would have been reported in 1977 income; or (2) deficiency (or "target price") payments under such Act for any 1977 crop, and the fifth month of such crop's marketing year ended before December 1, 1977.…