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 for all corporations engaged in farm product processing with gross receipts in excess of $100,000,000. (Present law allows corporations with gross receipts of $1,000,000 or less to use the cash method of accounting.)