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HR 1261 105th Congress House

Farm Independence Act of 1997

Official title: To amend the Internal Revenue Code of 1986 to exclude certain farm rental income from net earnings from self-employment if the taxpayer enters into a lease agreement relating to such income.

Introduced: November 13, 1997 See on congress.gov
Taxation Agriculture and FoodCommerceEarningsFarm income
More subjectsShow fewer subjects
Income taxLabor and EmploymentLeasesOld age, survivors and disability insurancePersonal income taxRentSelf-employedSocial WelfareTax exclusion
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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.
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 Latest action April 9, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 529 Identical bill Farm Independence Act of 1997
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Moran, Jerry
Kansas · Nov 13, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1261: Farm Independence Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1261/
MLA
"H.R. 1261: Farm Independence Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1261/.
Bluebook (legal)
H.R. 1261, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1261/.
Markdown link
[H.R. 1261: Farm Independence Act of 1997](https://openamerica.io/bill/105-HR-1261/)
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