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S 1743 100th Congress Senate Taxation Agricultural economics Agriculture and Rural Affairs Farmers Farms Income Income tax Tax administration

A bill to amend the Internal Revenue Code of 1986 to restore income averaging for farmers.

Introduced: October 1, 1987 See on congress.gov
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 1987
Read twice and referred to the Committee on Finance.
Oct 1, 1987
Introduced in Senate
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 Plain-English summary Congressional Research Service

Repeals specified provisions of the Tax Reform Act of 1986 that eliminated income averaging. Provides that the Internal Revenue Code (IRC) be applied and administered as if such provisions had not been enacted.

Amends the IRC to restore income averaging for a person: (1) actively engaged in the trade or business of farming, including aquaculture; and (2) whose average annual gross income for the three preceding taxable years is at least 50 percent attributable to farming.

What's happening now October 1, 1987

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 1, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1743: A bill to amend the Internal Revenue Code of 1986 to restore income averaging for farmers.. 100th Congress. Open America. https://openamerica.io/bill/100-S-1743/
MLA
"S. 1743: A bill to amend the Internal Revenue Code of 1986 to restore income averaging for farmers.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-1743/.
Bluebook (legal)
S. 1743, 100th Cong. (2026), https://openamerica.io/bill/100-S-1743/.
Markdown link
[S. 1743: A bill to amend the Internal Revenue Code of 1986 to restore income averaging for farmers.](https://openamerica.io/bill/100-S-1743/)
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