H.R.1770 - Student Agriculture Protection Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. McCaul, Michael T. [R-TX-10] (Introduced 03/14/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/14/2019 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1770 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (03/14/2019)
Student Agriculture Protection Act of 2019
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.