Sec. 1605. ADJUSTED GROSS INCOME LIMITATION
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## SEC. 1605 ADJUSTED GROSS INCOME LIMITATION ###
(a)Limitations and Covered Benefits Section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308-3a(b)) is amended— ####
(1)in the subsection heading, by striking “Limitations” and inserting “Limitations on Commodity and Conservation Programs”; ####
(2)by striking paragraphs
(1)and
(2)and inserting the following new paragraphs: > > #### “(1) Limitation > > 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. > > > #### “(2) Covered benefits > > Paragraph
(1)applies with respect to the following: > > > ##### “(A) > > A payment or benefit under subtitle A or E of title I of the Agricultural Act of 2014. > > > ##### “(B) > > A marketing loan gain or loan deficiency payment under subtitle B of title I of the Agricultural Act of 2014. > > > ##### “(C) > > 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. > > > ##### “(D) > > A payment or benefit under section 524(b) of the Federal Crop Insurance Act (7 U.S.C. 1524(b)). > > > ##### “(E) > > A payment or benefit under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333).” > . ###
(b)Updating Definitions 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: > > #### “(1) Average adjusted gross income > > 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.” > . ###
(c)Income Determination Section 1001D of the Food Security Act of 1985 (7 U.S.C. 1308-3a) is amended— ####
(1)by striking subsection (c); and ####
(2)by redesignating subsections (d), (e), and
(f)as subsections (c), (d), and (e), respectively. ###
(d)Conforming Amendments Section 1001D of the Food Security Act of 1985 (7 U.S.C. 1308-3a) is amended— ####
(1)in subsection (a)(2)— #####
(A)by striking “subparagraph
(A)or
(B)of”; and #####
(B)by striking “, the average adjusted gross farm income, and the average adjusted gross nonfarm income”; ####
(2)in subsection (a)(3), by striking “, average adjusted gross farm income, and average adjusted gross nonfarm income” both places it appears; ####
(3)in subsection
(c)(as redesignated by subsection (c)(2) of this section)— #####
(A)in paragraph (1), by striking “, average adjusted gross farm income, and average adjusted gross nonfarm income” both places it appears; and #####
(B)in paragraph (2), by striking “paragraphs (1)(C) and (2)(B) of subsection (b)” and inserting “subsection (b)(2)”; and ####
(4)in subsection
(d)(as redesignated by subsection (c)(2) of this section)— #####
(A)by striking “paragraphs (1)(C) and (2)(B) of subsection (b)” and inserting “subsection (b)(2)”; and #####
(B)by striking “, average adjusted gross farm income, or average adjusted gross nonfarm income”. ###
(e)Effective Period 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. ###
(f)Limitation on Applicability 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”. ###
(g)Transition **[**[7 U.S.C. 1308-3a note](/us/usc/t7/s1308-3a)**]** 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).
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