[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9837 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                                H. R. 9837

 To exclude from gross income certain emergency assistance provided to 
                                farmers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2024

   Mr. Kelly of Mississippi introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To exclude from gross income certain emergency assistance provided to 
                                farmers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCLUSION FROM GROSS INCOME OF CERTAIN EMERGENCY 
              AGRICULTURAL ASSISTANCE.

    (a) In General.--Section 139 of the Internal Revenue Code of 1986 
is amended by inserting after subsection (h) the following new 
subsection:
    ``(i) Certain Agricultural Assistance.--For purposes of this 
section, the term `qualified disaster relief payment' shall include any 
assistance received under any of the following:
            ``(1) Assistance received under the Wildfires and 
        Hurricanes Indemnity Program Plus under subpart O of part 760 
        of title 7, Code of Federal Regulations.
            ``(2) Assistance received under section 1501 of the 
        Agricultural Act of 2014 (7 U.S.C. 9081).
            ``(3) Noninsured crop assistance under section 196 of the 
        Federal Agriculture Improvement and Reform Act of 1996 (7 
        U.S.C. 7333).
            ``(4) Assistance under title IV of the Agricultural Credit 
        Act of 1978 (16 U.S.C. 2201 et seq.).''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.
                                 <all>