,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dejb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ab1      
#bjbf,mr4 ,ossoff introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to exclude crop 
insurance indemnity payments from gross 
income4  #a4 ,short title ,this ,act may
 be cited as the ,farm ,disaster ,tax   
,cut ,act4  #b4 ,crop insurance         
indemnity payments excluded 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,l the following new section3       
#aci,m4 ,crop insurance indemnity       
payments  7a7 ,in general ,gross income 
shall not include any crop insurance    
indemnity payment made pursuant to the  
,federal ,crop ,insurance ,act 7#g      
,u4,s4,c4 #aeja et seq474  7b7          
,termination ,this section shall not    

apply to any payment for losses which   
occur after ,december #ca1 #bjbh4  4    
7b7 ,clerical 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,l the following new item3  ,sec4   
#aci,m4 ,crop insurance indemnity       
payments4  4  7c7 ,effective date ,the  
amendments made by this section shall   
apply to payments for losses which occur
 after ,august #e1 #bjbd4