HR 6725 · 95th Congress · Income tax

A bill to amend the Internal Revenue Code of 1954 to exempt certain corporations from the provisions requiring the accrual method of accounting for corporations engaged in farming.

Introduced 1977-04-28· Sponsored by Rep. Hamilton, Lee H. [D-IN-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-04-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt certain corporations substantially owned by members of two or three families from the requirement that corporations engaged in farming use the accrual method of accounting.…

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