,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cbee  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bh1 #bjae ,mr4 
,mc,caul 7= himself1 ,mr4 ,cuell>1 &    
,mr4 ,conaway7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exclude f gross
 income c]ta9 am\nts realiz$ on !       
disposition ( prop]ty rais$ or produc$  
by a /ud5t f>m]1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,/ud5t ,agriculture ,protection ,act (  
#bjae4  #b4 ,exclusion ( c]ta9 ga9 by   
/ud5t f>m]s f gross income  7a7 ,9 g5]al
 ,"p ,,iii ( sub*apt] ,b ( *apt] #a ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #aci;,e ! foll[+ 
new section3  #aci;,f4 ,ga9 f prop]ty   
produc$ or rais$ by a /ud5t f>m]  7a7 ,9
 g5]al ,9 ! case ( a /ud5t f>m]1 gross  
income %all n include s mu* ( ! ga9s f  
qualifi$ dispositions = ! taxable ye> z 
does n exce$ #e1jjj4  7b7 ,def9itions ,=
 ! purposes ( ?is section--  7#a7 ,/ud5t

 f>m] ,! t]m /ud5t f>m] means an        
individual :o has n atta9$ age #ah1 & :o
 is-- 7,a7 enroll$ 9 a program e/abli%$ 
by ,future ,f>m]s ( ,am]ica1 or  7,b7   
enroll$ 9 a #d-;,h club4  7#b7 ,qualifi$
 disposition & qualifi$ prop]ty  7,a7 ,!
 t]m qualifi$ disposition means a sale  
or ex*ange by or on behalf ( a p]son :o 
is a /ud5t f>m] at ! "t ( ! sale or     
ex*ange--  7i7 ( qualifi$ prop]ty       
produc$ or rais$ by t /ud5t f>m]1 &     
7ii7 t occurs dur+ an activity ( a type 
describ$ 9 subp>agraph 7#b77;,b7 or     
7#c77;,b7 ( section #eac7;d74  7,b7 ,!  
t]m qualifi$ prop]ty means p]sonal      
prop]ty1 includ+ live/ock1 produc$ or   
rais$ by a /ud5t f>m] "u ! sup]vision ( 
a program describ$ 9 subp>agraph 7,a7 or
 7,b7 ( p>agraph 7#a74  4  7b7 ,con=m+  
am5dm5t ,! table ( sections = "p ,,iii (
 sub*apt] ,b ( *apt] #a ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #aci;,e !
 foll[+ new item3  ,sec4 #aci;,f4 ,c]ta9
 ga9 by /ud5t f>m]s  4  7c7 ,effective  

date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4