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 paragraph (1), by striking paragraph
(3)and inserting paragraphs
(3)and
(4); and by adding at the end the following: In the case of an excepted payment or benefit, the limitation established by paragraph
(1)shall not apply to a person or legal entity during a crop, fiscal, or program year, as appropriate, if greater than or equal to 75 percent of the average adjusted gross income of the person or legal entity derives from farming, ranching, or silviculture activities (as described in section 1001(i)). For purposes of this paragraph, the term excepted payment or benefit means— a payment or benefit under subtitle E of title I of the Agricultural Act of 2014 ( 7 U.S.C. 9081 et seq. ); a payment or benefit under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 ( 7 U.S.C. 7333 ); and beginning October 1, 2024, a payment or benefit described in paragraph (2)(C). .
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- 7 USC 1308–3a(b)
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