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S 529 105th Congress Senate

Farm Independence Act of 1997

Official title: A bill 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: April 9, 1997 Introduced by: Grassley, Chuck Republican · Iowa 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 1997
Read twice and referred to the Committee on Finance.
Apr 9, 1997
Sponsor introductory remarks on measure. (CR S2902)
Apr 9, 1997
Introduced in Senate
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 Latest action April 9, 1997

Read twice and referred to the Committee on Finance.

 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
  • HR 1261 Identical bill Farm Independence Act of 1997
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 529: Farm Independence Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-S-529/
MLA
"S. 529: Farm Independence Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-529/.
Bluebook (legal)
S. 529, 105th Cong. (2026), https://openamerica.io/bill/105-S-529/.
Markdown link
[S. 529: Farm Independence Act of 1997](https://openamerica.io/bill/105-S-529/)
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