,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #cbee  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bh1 #bjae ,mr4
 ,mc,caul 7for himself1 ,mr4 ,cuellar1  
and ,mr4 ,conaway7 introduced the       
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to exclude from gross   
income certain amounts realized on the  
disposition of property raised or       
produced by a student farmer1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,student       
,agriculture ,protection ,act of #bjae4 
#b4 ,exclusion of certain gain by       
student farmers from gross income  7a7  
,in general ,part ,,iii of subchapter ,b
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
after section #aci;,e the following new 
section3  #aci;,f4 ,gain from property  
produced or raised by a student farmer  
7a7 ,in general ,in the case of a       
student farmer1 gross income shall not  

include so much of the gains from       
qualified dispositions for the taxable  
year as does not exceed #e1jjj4  7b7    
,definitions ,for the purposes of this  
section--  7#a7 ,student farmer ,the    
term student farmer means an individual 
who has not attained age #ah1 and who   
is-- 7,a7 enrolled in a program         
established by ,future ,farmers of      
,america1 or  7,b7 enrolled in a #d-;,h 
club4  7#b7 ,qualified disposition and  
qualified property  7,a7 ,the term      
qualified disposition means a sale or   
exchange by or on behalf of a person who
 is a student farmer at the time of the 
sale or exchange--  7i7 of qualified    
property produced or raised by that     
student farmer1 and  7ii7 that occurs   
during an activity of a type described  
in subparagraph 7#b77;,b7 or 7#c77;,b7  
of section #eac7;d74  7,b7 ,the term    
qualified property means personal       
property1 including livestock1 produced 
or raised by a student farmer under the 
supervision of a program described in   

subparagraph 7,a7 or 7,b7 of paragraph  
7#a74  4  7b7 ,conforming amendment ,the
 table of sections for part ,,iii of    
subchapter ,b of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by inserting after the item     
relating to section #aci;,e the         
following new item3  ,sec4 #aci;,f4     
,certain gain by student farmers  4  7c7
 ,effective date ,the amendments made by
 this section shall apply to taxable    
years beginning after the date of the   
enactment of this ,act4