Student Agriculture Protection Act of 2021
- Last Action
- 5/20/2021
Actions
- 2021-05-20Referred to the House Committee on Ways and Means.
- 2021-05-20Introduced in House
- 2021-05-20Introduced in House
CRS Summary
As of 2021-05-20 (00)
Student Agriculture Protection Act of 2021
This bill modifies the requirements for calculating taxable income to exclude from the gross income of a student agriculturist 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 agriculturist.
A student agriculturist is an individual who is under 22 years of age and is enrolled in (1) an FFA (Future Farmers of America) chapter or a program established by the National FFA Organization; (2) a 4H Club or other program established by 4H; or (3) a student agriculture program that is under the direction or guidance of an agricultural educator, advisor, or club leader.
Cosponsors (7)
- Henry Cuellar (D-TX)
- Eric Crawford (R-AR)
- Cynthia Axne (D-IA)
- Tracey Mann (R-KS)
- David Scott (D-GA)
- Antonio Delgado (D-NY)
- Tom Emmer (R-MN)
Subjects
- Agricultural education
- Income tax exclusion
- Livestock
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.