[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4260 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H.R. 4260

To amend the Internal Revenue Code of 1986 to exclude from net earnings 
from self-employment certain farm rental income and all payments under 
        the environmental conservation acreage reserve program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 12, 2000

Mr. Nussle (for himself, Mr. Tanner, Mr. Barrett of Nebraska, Mr. Moran 
of Kansas, Mr. Barcia, Mr. Bereuter, Mr. Boehner, Mr. Boyd, Mr. Buyer, 
 Mr. Camp, Mr. Chambliss, Mr. Cook, Ms. Danner, Mr. Ewing, Mr. Foley, 
  Mr. Ganske, Mr. Gilchrest, Mr. Gordon, Mr. Green of Wisconsin, Mr. 
    Greenwood, Mr. Hayes, Mr. Hayworth, Mr. Hobson, Mr. Istook, Mr. 
 Jenkins, Mr. LaHood, Mr. Latham, Mr. Leach, Mr. McHugh, Mr. McIntyre, 
Mr. Nethercutt, Mr. Ose, Mr. Peterson of Pennsylvania, Mr. Phelps, Mr. 
 Pomeroy, Mr. Shows, Mr. Simpson, Mr. Skelton, Mr. Smith of Michigan, 
Mr. Souder, and Mr. Stenholm) 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 farm rental income and all payments under 
        the environmental conservation acreage reserve program.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Farm Income Fairness Act of 2000''.

SEC. 2. CERTAIN FARM RENTAL INCOME EXCLUDED FROM NET EARNINGS FROM 
              SELF-EMPLOYMENT.

    (a) Internal Revenue Code.--Section 1402(a)(1)(A) of the Internal 
Revenue Code of 1986 (relating to net earnings from self-employment) is 
amended by striking ``an arrangement'' and inserting ``a lease 
agreement''.
    (b) Social Security Act.--Section 211(a)(1)(A) of the Social 
Security Act is amended by striking ``an arrangement'' and inserting 
``a lease agreement''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1999.

SEC. 3. PAYMENTS UNDER ENVIRONMENTAL CONSERVATION ACREAGE 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 payments 
        under any program of the environmental conservation acreage 
        reserve program referred to in section 1230(a)(3) of the Food 
        Security Act of 1985 (16 U.S.C. 3830(a)(3)).''.
    (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 payments 
        under any program of the environmental conservation acreage 
        reserve program referred to in section 1230(a)(3) of the Food 
        Security Act of 1985 (16 U.S.C. 3830(a)(3)).''.
    (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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