[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3079 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 3079

To amend the Internal Revenue Code of 1986 to exclude from gross income 
 amounts received on the sale of animals which are raised and sold as 
                    part of an educational program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 27, 2005

  Mr. Paul (for himself and Mr. Otter) 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 gross income 
 amounts received on the sale of animals which are raised and sold as 
                    part of an educational 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 ``Agriculture Education Freedom Act''.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR AMOUNTS RECEIVED ON SALE OF 
              ANIMALS WHICH ARE RAISED AND SOLD AS PART OF EDUCATIONAL 
              PROGRAM.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by inserting after section 139A the 
following new section:

``SEC. 139B. PROCEEDS OF SALE OF ANIMALS RAISED AND SOLD AS PART OF 
              EDUCATIONAL PROGRAM.

    ``In the case of an individual, gross income shall not include any 
gain from the sale of any animal which is raised and sold by such 
individual as part of such individual's participation in--
            ``(1) the 4-H program under the Cooperative State Research, 
        Education, and Extension Service of the Department of 
        Agriculture,
            ``(2) the Future Farmers of America,
            ``(3) any program of an organization described in section 
        501(c) and exempt from tax under section 501(a) which is 
        similar to such 4-H program or the Future Farmers of America, 
        or
            ``(4) any program of an educational organization described 
        in section 170(b)(1)(A)(ii).''.
    (b) Clerical Amendment.--The table of sections for such part III is 
amended by inserting after the item relating to section 139 the 
following new item:

``Sec. 139B. Proceeds of sale of animals raised and sold as part of 
                            educational program.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to sales in taxable years ending after the date of the enactment 
of this Act.
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