HR 1261
105th Congress
House
Taxation
Agriculture and Food
Commerce
Earnings
Farm income
Income tax
Labor and Employment
Leases
Old age, survivors and disability insurance
Personal income tax
Rent
Self-employed
Social Welfare
Tax exclusion
Farm Independence Act of 1997
Introduced: April 9, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 1997
Introduced in House
Apr 9, 1997
Referred to the House Committee on Ways and Means.
Plain-English summary
Farm Independence Act of 1997 - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to exclude net earnings from a lease agreement (currently, an arrangement) from income with respect to farmland.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1