Amends the Internal Revenue Code to allow a taxpayer to elect to include in income crop insurance proceeds and disaster payments in the year of destruction or in the following year.
Revises the method of determining the inflation adjustment applicable to the luxury automobile excise tax.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S528)
Read twice and referred to the Committee on Finance.
Committee on Finance. Ordered to be reported with amendments favorably.
Committee on Finance. Reported to Senate by Senator Moynihan under the authority of the order of Mar 22, 94 with amendments and an amendment to the title. With written report No. 103-244.
Committee on Finance. Reported to Senate by Senator Moynihan under the authority of the order of Mar 22, 94 with amendments and an amendment to the title. With written report No. 103-244.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 398.
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