,i  #aahth ,,congress  #b;d ,session    
,h4 ,r4 #igfa  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bc1      
#bjbd,mr4 ,lopez 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 allow an increased   
dollar limitation for section #agi      
property placed in service in the trade 
or business of farming4  #a4 ,increased 
section #agi property limit for farming 
property  7a7 ,in general ,section      
#agi7;b7 of the ,internal ,revenue ,code
 of #aihf is amended by redesignating   
paragraph 7#f7 as paragraph 7#g7 and by 
inserting after paragraph 7#e7 the      
following new paragraph3  7#f7          
,increased limitation for farming       
property ,notwithstanding paragraph     
7#a71 in the case of any section #agi   
property placed in service by the       
taxpayer in the trade or business of    
farming1 the aggregate cost of such     
property which may be taken into account

 under subsection 7a7 for the taxable   
year shall not be less than an amount   
equal to #a1ejj1jjj1 reduced by the cost
 of any other section #agi property     
which-- 7,a7 is taken into account by   
the taxpayer under subsection 7a7 for   
the taxable year1 and  7,b7 is placed in
 service by the taxpayer in a trade or  
business other than farming4  4  7b7    
,conforming amendment ,section          
#agi7;b77#b7 of such ,code is amended by
 striking limitation under paragraph    
7#a7 and inserting limitations under    
paragraphs 7#a7 and 7#f74  7c7          
,inflation adjustment ,section          
#agi7;b77#g7 of such ,code 7as          
redesignated by subsection 7a77 is      
amended by redesignating subparagraph   
7,b7 as subparagraph 7,c7 and by        
inserting after subparagraph 7,a7 the   
following new subparagraph3  7,b7       
,farming property limitation ,in the    
case of any taxable year beginning after
 #bjbe1 the dollar amount in paragraph  
7#f7 shall be increased by an amount    

equal to-- 7i7 such dollar amount1      
multiplied by  7ii7 the cost-of-living  
adjustment determined under section     
#a7;f77#c7 for the calendar year in     
which the taxable year begins1          
determined by substituting calendar year
 #bjbd for calendar year #bjaf in       
subparagraph 7,a77ii7 thereof4  4  7d7  
,effective date ,the amendments made by 
this section shall apply to property    
placed in service after ,december #ca1  
#bjbd4