[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1155 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                S. 1155

  To treat payments under the Conservation Reserve Program as rentals 
                           from real estate.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 18, 2007

 Mr. Dorgan (for himself, Mr. Brownback, Ms. Landrieu, Mr. Allard, Mr. 
Harkin, Mrs. Murray, Mr. Roberts, Mr. Nelson of Nebraska, Mr. Salazar, 
  Mr. Hagel, Mr. Thune, and Mr. Levin) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  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 2007''.

SEC. 2. 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 before, on, or after the date of the enactment 
of this Act.
    (d) Maintenance of Transfers to Trust Funds.--There are hereby 
appropriated to the Federal Old-Age and Survivors Insurance Trust Fund, 
the Federal Disability Insurance Trust Fund, and the Federal Hospital 
Insurance Trust Fund established under the Social Security Act amounts 
equal to the reduction in revenues to the Treasury by reason of the 
enactment of this Act. Amounts appropriated by the preceding sentence 
shall be transferred from the general fund at such times and in such 
manner as to replicate to the extent possible the transfers which would 
have occurred to such Trust Funds had this Act not been enacted.
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