Sec. 1605. Adjusted gross income limitation
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Section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308–3a(b)) is amended— in the subsection heading, by striking and inserting Limitations ; Limitations on Commodity and Conservation Programs by striking paragraphs
(1)and
(2)and inserting the following new paragraphs: Notwithstanding any other provision of law, a person or legal entity shall not be eligible to receive any benefit described in paragraph
(2)during a crop, fiscal, or program year, as appropriate, if the average adjusted gross income of the person or legal entity exceeds $900,000. Paragraph
(1)applies with respect to the following: A payment or benefit under subtitle A or E of title I of the Agricultural Act of 2014 . A marketing loan gain or loan deficiency payment under subtitle B of title I of the Agricultural Act of 2014 . Starting with fiscal year 2015, a payment or benefit under title II of the Agricultural Act of 2014 , title II of the Farm Security and Rural Investment Act of 2002, title II of the Food, Conservation, and Energy Act of 2008, or title XII of the Food Security Act of 1985. A payment or benefit under section 524(b) of the Federal Crop Insurance Act ( 7 U.S.C. 1524(b) ). A payment or benefit under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 ( 7 U.S.C. 7333 ). . Paragraph
(1)of section 1001D(a) of the Food Security Act of 1985 (7 U.S.C. 1308–3a(a)) is amended to read as follows: In this section, the term average adjusted gross income , with respect to a person or legal entity, means the average of the adjusted gross income or comparable measure of the person or legal entity over the 3 taxable years preceding the most immediately preceding complete taxable year, as determined by the Secretary. . Section 1001D of the Food Security Act of 1985 ( 7 U.S.C. 1308–3a ) is amended— by striking subsection (c); and by redesignating subsections (d), (e), and
(f)as subsections (c), (d), and (e), respectively. Section 1001D of the Food Security Act of 1985 ( 7 U.S.C. 1308–3a ) is amended— in subsection (a)(2)— by striking subparagraph
(A)or
(B)of ; and by striking , the average adjusted gross farm income, and the average adjusted gross nonfarm income ; in subsection (a)(3), by striking , average adjusted gross farm income, and average adjusted gross nonfarm income both places it appears; in subsection
(c)(as redesignated by subsection (c)(2) of this section)— in paragraph (1), by striking , average adjusted gross farm income, and average adjusted gross nonfarm income both places it appears; and in paragraph (2), by striking paragraphs (1)(C) and (2)(B) of subsection
(b)and inserting subsection (b)(2) ; and in subsection
(d)(as redesignated by subsection (c)(2) of this section)— by striking paragraphs (1)(C) and (2)(B) of subsection
(b)and inserting subsection (b)(2) ; and by striking , average adjusted gross farm income, or average adjusted gross nonfarm income . Subsection
(e)of section 1001D of the Food Security Act of 1985 ( 7 U.S.C. 1308–3a ), as redesignated by subsection (c)(2) of this section, is repealed. Section 1001(d) of the Food Security Act of 1985 ( 7 U.S.C. 1308 ) is amended by inserting before the period at the end the following: or title I of the . Agricultural Act of 2014 Section 1001D of the Food Security Act of 1985 ( 7 U.S.C. 1308–3a ), as in effect on the day before the date of the enactment of this Act, shall apply with respect to the 2013 crop, fiscal, or program year, as appropriate, for each program described in paragraphs (1)(C) and (2)(B) of subsection
(b)of that section (as so in effect on that day).
Connectionstraces to 3
3 references not yet in our index
- 7 USC 1308–3a(b)
- 7 USC 1308–3a(a)
- 7 USC 1308–3a
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Sec. 1605
Adjusted gross income limitation
Cite7 USC 1308–3a(b)
Cite7 USC 1308–3a(a)
Cite7 USC 1308–3a
Cites 6Cited by 0 across 0 sources