H.R.1464: Income Averaging Equity Act

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Bill Summary

Income Averaging Equity Act - Amends the Internal Revenue Code to revise the current income-averaging option for farm income. Allows a taxpayer to elect to increase or decrease taxable income for the taxable year and the three previous taxable years by moving elected farm income from any of such taxable years to any other of such years.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 15, 1999

Introduced in the House by Jim R. Ryun (R-Kan.)

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