Conservation Reserve Program Tax Fairness Act of 2007
Last action on Jun 11, 2007Referred to the House Committee on Ways and Means.
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Summary
Conservation Reserve Program Tax Fairness Act of 2007 - Amends the Internal Revenue Code and the Social Security Act to treat payments under the Conservation Acreage Reserve Program as rentals from real estate and thus not self employment income subject to employment tax. Transfers from the general fund of the Treasury to specified social security trust funds amounts necessary to cover any reductions in trust fund revenues resulting from this Act.
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