S. 1227 (95th): A bill to amend the Internal Revenue Code of 1954 to exempt certain corporations from the provisions requiring the accrual method of accounting for corporations engaged in farming.

Introduced:

Apr 5, 1977
95th Congress, 1977–1978

Status:
Died in a previous Congress

This bill was introduced on April 5, 1977, in a previous session of Congress, but was not enacted.

Sponsor:

John McClellan
Senator from Arkansas
Democrat

About the bill

Summary (CRS)
4/5/1977--Introduced.Amends the Internal Revenue Code to exempt certain corporations substantially owned by members of two or three families from the requirement that corporations engaged in farming use the accrual method ...

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Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 4623 (identical)

Referred to Committee
Last Action: Mar 8, 1977

What is a bill?

The “S.” in “S. 1227” means this is a Senate bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.

History

Introduced
Apr 5, 1977

Details

Cosponsors
4 cosponsors (4D) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no votes related to this bill.

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Primary Source

THOMAS.gov (The Library of Congress)

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