US Congress Senate Bill 671 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on March 21 2017 - 25% progression, died in committee
Action: 2017-03-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Agriculture Students EARN Act 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.

Agriculture Students EARN Act Agriculture Students Encourage, Acknowledge, Reward, Nurture Act

Sen. Jerry Moran [R-KS]

Sen. Joni Ernst [R-IA]

Sen. Angus King [I-ME]

Date	Chamber	Action
2017-03-21	Senate	Read twice and referred to the Committee on Finance.

HB1626 (Related) 2017-03-20 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/671/all-info
Text	https://www.congress.gov/115/bills/s671/BILLS-115s671is.pdf