Sec. 1604. Payment limitation
185 words·~1 min read·
/bill/118/hr/8467/ih/section-1604·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1001 of the Food Security Act of 1985 ( 7 U.S.C. 1308 ) is further amended— in subsection (b), by striking The and inserting Subject to subsection (i), the ; in subsection (c), by striking The and inserting Subject to subsection (i), the ; and by adding at the end the following: Beginning with the 2025 crop year, in the case of a person or legal entity (except a qualified pass through entity) for which greater than or equal to 75 percent of the average adjusted gross income of such person or legal entity derives from farming, ranching, or silviculture activities, subsections
(b)and
(c)shall apply by substituting $155,000 for $125,000 each place it appears. The Secretary shall annually adjust the amount substituted under paragraph
(1)for inflation based on the Consumer Price Index for all urban consumers published by the Department of Labor. In this subsection, the term farming, ranching, or silviculture activities includes agri-tourism, direct-to-consumer marketing of agricultural products, the sale of agricultural equipment owned by such person or legal entity, and other agricultural-related activities, as determined by the Secretary. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 1604
Payment limitation
Cites 1Cited by 0 across 0 sources