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A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts realized on the disposition of property raised or produced by a student farmer, and for other purposes.

USA115th CongressS-671| Senate 
| Updated: 3/21/2017
Jerry Moran

Jerry Moran

Republican Senator

Kansas

Cosponsors (2)
Joni Ernst (Republican)Angus S. King (Independent)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agriculture Students EARN Act or the Agriculture Students Encourage, Acknowledge, Reward, Nurture Act This bill amends the Internal Revenue Code to exclude from the gross income of a student farmer up to $5,000 of the gain from the sale or exchange of personal property (including livestock, crops, and agricultural mechanics or shop products) produced or raised by the student farmer. A student farmer is an individual who is under 19 years of age and is enrolled in: (1) a program established by the National FFA Organization; (2) a 4-H Club or other program established by 4-H; or (3) a student agriculture program that is under the direction or guidance of an agricultural educator, advisor, or club leader. To qualify for the exclusion, the production and sale or exchange of the property must be supervised by one of the specified agriculture programs. The sale or exchange must also occur during qualified public entertainment or convention and trade show activities.
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Timeline
Mar 20, 2017

Latest Companion Bill Action

HR 115-1626
Introduced in House
Mar 21, 2017
Introduced in Senate
Mar 21, 2017
Read twice and referred to the Committee on Finance.
  • March 20, 2017

    Latest Companion Bill Action

    HR 115-1626
    Introduced in House


  • March 21, 2017
    Introduced in Senate


  • March 21, 2017
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 115-1626: To amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts realized on the disposition of property raised or produced by a student farmer, and for other purposes.
Agricultural educationIncome tax exclusionLivestock

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts realized on the disposition of property raised or produced by a student farmer, and for other purposes.

USA115th CongressS-671| Senate 
| Updated: 3/21/2017
Agriculture Students EARN Act or the Agriculture Students Encourage, Acknowledge, Reward, Nurture Act This bill amends the Internal Revenue Code to exclude from the gross income of a student farmer up to $5,000 of the gain from the sale or exchange of personal property (including livestock, crops, and agricultural mechanics or shop products) produced or raised by the student farmer. A student farmer is an individual who is under 19 years of age and is enrolled in: (1) a program established by the National FFA Organization; (2) a 4-H Club or other program established by 4-H; or (3) a student agriculture program that is under the direction or guidance of an agricultural educator, advisor, or club leader. To qualify for the exclusion, the production and sale or exchange of the property must be supervised by one of the specified agriculture programs. The sale or exchange must also occur during qualified public entertainment or convention and trade show activities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 20, 2017

Latest Companion Bill Action

HR 115-1626
Introduced in House
Mar 21, 2017
Introduced in Senate
Mar 21, 2017
Read twice and referred to the Committee on Finance.
  • March 20, 2017

    Latest Companion Bill Action

    HR 115-1626
    Introduced in House


  • March 21, 2017
    Introduced in Senate


  • March 21, 2017
    Read twice and referred to the Committee on Finance.
Jerry Moran

Jerry Moran

Republican Senator

Kansas

Cosponsors (2)
Joni Ernst (Republican)Angus S. King (Independent)

Finance Committee

Taxation

Related Bills

  • HR 115-1626: To amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts realized on the disposition of property raised or produced by a student farmer, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural educationIncome tax exclusionLivestock