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 by striking paragraph
(1)and inserting the following: Notwithstanding any other provision of law, a person or legal entity shall not be eligible to receive any benefit described in subparagraph
(B)during a crop, fiscal or program year, as appropriate, if the average adjusted gross income (or comparable measure over the 3 taxable years preceding the most immediately preceding complete taxable year, as determined by the Secretary) of the person or legal entity exceeds $750,000. Subparagraph
(A)applies with respect to the following: A payment under section 1107 or 1108 of the Agriculture Reform, Food, and Jobs Act of 2013 . A marketing loan gain or loan deficiency payment under subtitle B of title I of the Agriculture Reform, Food, and Jobs Act of 2013 . A payment under subtitle E of the Agriculture Reform, Food, and Jobs Act of 2013 . . A payment under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333). . The amendments made by this section shall apply beginning with the 2014 crop year.
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- 7 USC 1308–3a(b)
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