S. 671 · 115th Congress
Agriculture Students Encourage, Acknowledge, Reward, Nurture Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
Agriculture Students EARN Act or the Agriculture Students Encourage, Acknowledge, Reward, Nurture Act
What it does: CRS summary · Introduced in Senate · Mar 21, 2017
Agriculture Students EARN Act or the Agriculture Students Encourage, Acknowledge, Reward, Nurture Act
This bill amends the Internal Revenue Code to exclude from the gross income of a student farmer up to $5,000 of the gain from the sale or exchange of personal property (including livestock, crops, and agricultural mechanics or shop products) produced or raised by the student farmer.
A student farmer is an individual who is under 19 years of age and is enrolled in: (1) a program established by the National FFA Organization; (2) a 4-H Club or other program established by 4-H; or (3) a student agriculture program that is under the direction or guidance of an agricultural educator, advisor, or club leader.
To qualify for the exclusion, the production and sale or exchange of the property must be supervised by one of the specified agriculture programs. The sale or exchange must also occur during qualified public entertainment or convention and trade show activities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Agriculture Students Encourage, Acknowledge, Reward, Nurture Act
Also known as: Agriculture Students EARN Act
Latest action (Mar 21, 2017): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Mar 21, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.