[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4073 Introduced in House (IH)]






108th CONGRESS
  2d Session
                                H. R. 4073

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 2004

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

    (a) Internal Revenue Code.--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) Social Security Act.--Section 211(a)(1) of the Social Security 
Act 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''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made after the date of the enactment of this Act.
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