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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9837 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 9837
To exclude from gross income certain emergency assistance provided to
farmers.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 25, 2024
Mr. Kelly of Mississippi introduced the following bill; which was
referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To exclude from gross income certain emergency assistance provided to
farmers.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXCLUSION FROM GROSS INCOME OF CERTAIN EMERGENCY
AGRICULTURAL ASSISTANCE.
(a) In General.--Section 139 of the Internal Revenue Code of 1986
is amended by inserting after subsection (h) the following new
subsection:
``(i) Certain Agricultural Assistance.--For purposes of this
section, the term `qualified disaster relief payment' shall include any
assistance received under any of the following:
``(1) Assistance received under the Wildfires and
Hurricanes Indemnity Program Plus under subpart O of part 760
of title 7, Code of Federal Regulations.
``(2) Assistance received under section 1501 of the
Agricultural Act of 2014 (7 U.S.C. 9081).
``(3) Noninsured crop assistance under section 196 of the
Federal Agriculture Improvement and Reform Act of 1996 (7
U.S.C. 7333).
``(4) Assistance under title IV of the Agricultural Credit
Act of 1978 (16 U.S.C. 2201 et seq.).''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2023.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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