Conservation Reserve Program Tax Fairness Act of 2003

Conservation Reserve Program Tax Fairness Act of 2003 - Amends the Internal Revenue Code to treat conservation reserve program payments as real estate rentals and thus excluded from consideration in self-employment net earnings.

Amends the Social Security Act to treat such payments similarly for purposes of old, age, survivors, and disability insurance (OASDI) benefits.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1316 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                S. 1316

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 24, 2003

 Mr. Brownback (for himself, Mr. Dorgan, Mr. Grassley, Mr. Baucus, Mr. 
 Daschle, Mr. Roberts, Mr. Burns, Mr. Bond, Mr. Allard, Mr. Hagel, Mr. 
 DeWine, Mr. Craig, Mr. Levin, Mr. Leahy, Mr. Conrad, Mr. Harkin, and 
 Mr. Jeffords) 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 2003''.

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.
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