A bill to amend the Internal Revenue Code of 1986 to preclude all corporations engaged in farm product processing with gross receipts in excess of $100,000,000 from using cash accounting.

Amends the Internal Revenue Code to deny the use of the cash method of accounting to farm product processing corporations that have gross receipts in excess of $100,000,000. (Current law allows corporations with gross receipts of $1,000,000 or less to use the cash method of accounting.)

Effects this required change in accounting procedures over a three-year phase-in period.