Summary: H.R.1261 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.1261. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/09/1997)

Farm Independence Act of 1997 - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to exclude net earnings from a lease agreement (currently, an arrangement) from income with respect to farmland.