Agriculture Students EARN Act

Summary

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

1. 11 April 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 11 April 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 11 April 2016 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 11 April 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 11 April 2016

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 11 April 2016

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Moran, Jerry [R-KS] · R · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Barrasso, John [R-WY] · R · Cosponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Student Agriculture Protection Act of 2015
• related to → Agriculture Students EARN Act