US HB1626 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 91-44-1)
Status: Introduced on March 20 2017 - 25% progression, died in committee
Action: 2017-03-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 20 2017 - 25% progression, died in committee
Action: 2017-03-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Student Agriculture Protection Act of 2017 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.
Title
Student Agriculture Protection Act of 2017
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-20 | House | Referred to the House Committee on Ways and Means. |
| 2017-03-20 | House | Introduced in House |
Same As/Similar To
SB671 (Related) 2017-03-21 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/1626/all-info |
| Text | https://www.congress.gov/115/bills/hr1626/BILLS-115hr1626ih.pdf |
