To amend the Internal Revenue Code of 1986 to treat payments under the Conservation Reserve Program as rentals from real estate.
Last action on Mar 30, 2004Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to treat conservation reserve program payments as real estate rentals and thus excluded from consideration in self-employment net earnings.
Amends the Social Security Act to treat such payments similarly for purposes of old, age, survivors, and disability insurance (OASDI) benefits.
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