,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #aggj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjai,mr4   
,mc,caul 7= himself1 ,mr4 ,pet]son1 &   
,mr4 ,cuell>7 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 agriculturi/1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/ud5t ,agriculture        
,protection ,act ( #bjai4  #b4          
,exclusion ( c]ta9 ga9 by /ud5t         
agriculturi/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;,g !  
foll[+ new section3  #aci;,h4 ,ga9 f    
prop]ty produc$ or rais$ by a /ud5t     
agriculturi/  7a7 ,9 g5]al ,9 ! case ( a
 /ud5t agriculturi/1 gross income %all n
 include s mu* ( ! ga9 f qualifi$       
dispositions dur+ ! taxable ye> z does n

 exce$ #e1jjj4  7b7 ,def9itions ,=      
purposes ( ?is section-- 7#a7 ,/ud5t    
agriculturi/ ,! t]m /ud5t agriculturi/  
means an individual :o has n atta9$ age 
#bb & :o is enroll$ 9--  7,a7 an ,,ffa  
*apt] or a program e/abli%$ by !        
,national ,,ffa ,organization1  7,b7 a  
#d-;,h ,club or o!r program e/abli%$ by 
#d-;,h1 or  7,c7 any /ud5t agriculture  
program simil> 9 nature to a club or    
program describ$ 9 subp>agraph 7,a7 or  
7,b7 :i* is "u ! direction or guidance (
 an agricultural educator1 advisor1 or  
club lead]4  7#b7 ,qualifi$ disposition 
7,a7 ,9 g5]al ,! t]m qualifi$           
disposition means a sale or ex*ange (   
qualifi$ prop]ty by or on behalf ( a    
/ud5t agriculturi/ 7det]m9$ z ( ! date (
 ! sale or ex*ange7 :i* occurs--  7i7   
dur+ an activity ( a type describ$ 9    
p>agraph 7#b77;,b7 or 7#c77;,b7 (       
section #eac7;d71 or  7ii7 "u !         
sup]vision ( a program describ$ 9       
subp>agraph 7,a71 7,b71 or 7,c7 (       
p>agraph 7#a74  7,b7 ,qualifi$ prop]ty  

,= purposes ( subp>agraph 7,a71 ! t]m   
qualifi$ prop]ty means p]sonal prop]ty1 
includ+ live/ock1 crops1 & agricultural 
me*anics or %op projects1 produc$ or    
rais$--  7i7 by ! /ud5t agriculturi/ by 
or on behalf ( :om ! sale or ex*ange is 
made1 &  7ii7 "u ! sup]vision ( a       
program describ$ 9 subp>agraph 7,a71    
7,b71 or 7,c7 ( 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;,g ! foll[+ new item3  ,sec4       
#aci;,h4 ,ga9 f prop]ty produc$ or rais$
 by a /ud5t agriculturi/4  4  7c7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4