Summary: S.1227 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for S.1227. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/05/1977)

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 of accounting.