Text: H.R.6195 — 102nd Congress (1991-1992)All Information (Except Text)

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HR 6195 IH
102d CONGRESS
2d Session
 H. R. 6195
To amend the Internal Revenue Code of 1986 to restore income averaging and
thereby provide economic stimulus to the agriculture industry.
IN THE HOUSE OF REPRESENTATIVES
October 6 (legislative day, OCTOBER 5), 1992
Mr. CARR introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to restore income averaging and
thereby provide economic stimulus to the agriculture industry.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SHORT TITLE.
  This Act may be cited as the `Income Averaging Restoration Act of 1992'.
SEC. 2. RESTORATION OF INCOME AVERAGING.
  (a) IN GENERAL- Section 141 of the Tax Reform Act of 1986 (and the amendments
  made by such section) are hereby repealed, and the Internal Revenue Code of
  1986 shall be applied and administered as if such section (and amendments)
  had not been enacted.
  (b) EFFECTIVE DATE- Subsection (a) shall apply to taxable years beginning
  after December 31, 1992.