H.R. 1408 — To amend the Internal Revenue Code of 1986 to provide that a taxpayer may elect to include in income crop insurance proceeds and disaster payments in the year of the disaster or in the following year, and for other purposes.

Summary

Amends the Internal Revenue Code to allow a taxpayer reporting on the cash receipts and disbursements method of accounting to elect to include in income crop insurance proceeds and disaster payments in the year of the disaster or in the following year.

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Related Legislation

S. 110A bill to amend the Internal Revenue Code of 1986 to provide that a taxpayer may elect to include in income crop insurance proceeds and disaster payments in the year of the disaster or in the following year.
1995-01-04Read twice and referred to the Committee on Finance.
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Legislative Actions

1995-04-05
Introduced in House
1995-04-05
Introduced in House
1995-04-05
Referred to the House Committee on Ways and Means.
1995-07-11
Committee Hearings Held.
1995-07-12
Committee Hearings Held.

To amend the Internal Revenue Code of 1986 to provide that a taxpayer may elect to include in income crop insurance proceeds and disaster payments in the year of the disaster or in the following year, and for other purposes.

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