A bill to amend the Internal Revenue Code of 1986 to expand income averaging to include the trade or business of fishing.

Fact Sheet API

Bill Number

S 1831

Introduced

Nov 6, 2003

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Fisheries Income tax Public Lands and Natural Resources Tax administration Tax deductions Taxation Water Resources Development

Full Text

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Votes

Summary

Amends the Internal Revenue Code to: (1) provide that income averaging for farmers and fisherman will not increase their alternative minimum tax liability; and (2) permit income averaging for fishermen.

Actions

Nov 6, 2003

Read twice and referred to the Committee on Finance.
Nov 6, 2003

Introduced in Senate

Amendments

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