[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4064 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4064

To amend the Internal Revenue Code of 1986 to exclude from net earnings 
 from self-employment certain payments under the conservation reserve 
                                program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 22, 2000

   Mr. Moran of Kansas (for himself and Mr. Pomeroy) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude from net earnings 
 from self-employment certain payments under the conservation reserve 
                                program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CERTAIN PAYMENTS UNDER CONSERVATION RESERVE PROGRAM EXCLUDED 
              FROM NET EARNINGS FROM SELF-EMPLOYMENT.

    (a) Internal Revenue Code.--Section 1402(a) of the Internal Revenue 
Code of 1986 (relating to net earnings from self-employment) is amended 
by striking ``; and'' at the end of paragraph (14), striking the period 
and inserting ``; and'' at the end of paragraph (15), and inserting 
after paragraph (15) the following new paragraph:
            ``(16) there shall be excluded amounts received as annual 
        rental payments under section 1234 of the Food Security Act of 
        1985 (16 U.S.C. 3834) for lands enrolled in the conservation 
        reserve.''.
    (b) Social Security Act.--Section 211(a) of the Social Security Act 
is amended by striking ``; and'' at the end of paragraph (14), striking 
the period and inserting ``; and'' at the end of paragraph (15), and 
inserting after paragraph (15) the following new paragraph:
            ``(16) There shall be excluded amounts received as annual 
        rental payments under section 1234 of the Food Security Act of 
        1985 (16 U.S.C. 3834) for lands enrolled in the conservation 
        reserve.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning before, on, or after the date of the 
enactment of this Act.
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