A bill to amend the Internal Revenue Code of 1954 to provide that certain provisions relating to annual accrual method of accounting for corporations engaged in farming be extended to corporate joint ventures, and for other purposes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit corporate joint ventures (other than Subchapter S corporations and personal holding companies) to use the annual accrual method of accounting allowed for corporations engaged in farming.…