3.0.0 671 2023-01-11T13:36:14Z 2023-01-11T13:36:14Z Senate S 2017-03-21 115 ssfi00 Finance Committee Senate Standing Referred to 2017-03-21T15:39:26Z Student Agriculture Protection Act of 2017 115 1626 HR 2017-03-20 Referred to the House Committee on Ways and Means. Related bill CRS 2017-03-21 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-03-21 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2017-03-21 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2017-07-26 False Taxation Agricultural education Income tax exclusion Livestock Taxation 00 2017-03-21 Introduced in Senate 2017-03-30T13:25:35Z 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.

]]> Agriculture Students Encourage, Acknowledge, Reward, Nurture Act Display Title Agriculture Students Encourage, Acknowledge, Reward, Nurture Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts realized on the disposition of property raised or produced by a student farmer, and for other purposes. Introduced in Senate IS Short Titles as Introduced Agriculture Students Encourage, Acknowledge, Reward, Nurture Act Short Titles as Introduced Agriculture Students EARN Act Introduced in Senate 2017-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s671is/xml/BILLS-115s671is.xml 2017-03-21 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.