[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 315 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                 S. 315

To amend the Internal Revenue Code of 1986 to treat payments under the 
       Conservation Reserve Program as rentals from real estate.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 13, 2001

  Mr. Brownback (for himself, Mr. Dorgan, Mr. Daschle, Mr. Lugar, Mr. 
 Levin, Mr. Roberts, Mr. Burns, Mr. Jeffords, Mr. Baucus, Mr. DeWine, 
 Mr. Harkin, Mr. Craig, Mr. Johnson, Mr. Leahy, Mr. Bingaman, and Mr. 
Bond) introduced the following bill; which was read twice and referred 
                      to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to treat payments under the 
       Conservation Reserve Program as rentals from real estate.

    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 ``Conservation Reserve Program Tax 
Fairness Act of 2001''.

SEC. 2. TREATMENT OF CONSERVATION RESERVE PROGRAM PAYMENTS AS RENTALS 
              FROM REAL ESTATE.

    (a) In General.--Section 1402(a)(1) of the Internal Revenue Code of 
1986 (defining net earnings from self-employment) is amended by 
inserting ``and including payments under section 1233(2) of the Food 
Security Act of 1985 (16 U.S.C. 3833(2))'' after ``crop shares''.
    (b) Effective Date.--The amendment made by this section shall apply 
to payments made before, on, or after the date of the enactment of this 
Act.
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