H.R. 11055 — An Act relating to the year for including in income payments under the Agricultural Act of 1949 received in 1978 but attributable to 1977, and to extend for one year the existing treatment of State legislators' travel expenses away from home. | PoliFocus

H.R. 1105595th Congress

An Act relating to the year for including in income payments under the Agricultural Act of 1949 received in 1978 but attributable to 1977, and to extend for one year the existing treatment of State legislators' travel expenses away from home.

A bill relating to the year for including in income certain payments under the Agricultural Act of 1949 received in 1978 but attributable to 1977.

Subjects

Taxation

Summary

(Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-929)

Permits a taxpayer to elect to include certain crop payments received in 1978 in his 1977 income, if such payments are either: (1) cash payments under the Agricultural Act of 1949 for crop disaster losses sustained in 1977, providing he establishes that, under his practice, income from the lost crops could have been reported in his 1977 income; or (2) deficiency (or "target price") payments under such Act for any 1977 crop, and the fifth month of such crop's marketing year ended before December 1, 1977.

Extends until January 1, 1978, the Internal Revenue Code election to take a tax deduction for the living expenses of State Legislators, incurred during a legislative session.

Full Text

Legislative Actions

1978-02-22
Introduced in House
1978-02-22
Referred to House Committee on Ways and Means.
1978-03-07
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-929.
1978-03-07
Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-929.
1978-03-13
Measure called up under motion to suspend rules and pass in House.
1978-03-13
Measure considered in House.
1978-03-13
Passed/agreed to in House: Measure passed House, amended.
1978-03-13
Measure passed House, amended.
1978-03-22
Measure called up by unanimous consent in Senate.
1978-03-22
Measure considered in Senate.
1978-03-22
Passed/agreed to in Senate: Measure passed Senate.
1978-03-22
Measure passed Senate.
1978-03-23
Measure enrolled in House.
1978-03-23
Measure enrolled in Senate.
1978-03-28
Measure presented to President.
1978-03-28
Measure presented to President.
1978-04-07
Signed by President.
1978-04-07
Signed by President.
1978-04-07
Public Law 95-258.
1978-04-07
Public Law 95-258.

Enacted as Public Law 95-258

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