HR 1271 Agriculture Education Freedom Act

H.R.1271

Agriculture Education Freedom Act

112th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received on the sale of animals which are raised and sold as part of an educational program.

IN THE HOUSE OF REPRESENTATIVES

March 30, 2011

Mr. PAUL introduced the following bill; which was referred to the Committee on Ways and Means

---

A BILLTo amend the Internal Revenue Code of 1986 to exclude from gross income amounts received on the sale of animals which are raised and sold as part of an educational program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Agriculture Education Freedom Act’.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR AMOUNTS RECEIVED ON SALE OF ANIMALS WHICH ARE RAISED AND SOLD AS PART OF EDUCATIONAL PROGRAM.

(a) In General- Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139D the following new section:

`SEC. 139E. PROCEEDS OF SALE OF ANIMALS RAISED AND SOLD AS PART OF EDUCATIONAL PROGRAM.

`In the case of an individual, gross income shall not include any gain from the sale of any animal which is raised and sold by such individual as part of such individual’s participation in–

•  
  `(1) the 4-H program under the Cooperative State Research, Education, and Extension Service of the Department of Agriculture,

•  
  `(2) the Future Farmers of America,

•  
  `(3) any program of an organization described in section 501(c) and exempt from tax under section 501(a) which is similar to such 4-H program or the Future Farmers of America, or

•  
  `(4) any program of an educational organization described in section 170(b)(1)(A)(ii).’.

(b) Clerical Amendment- The table of sections for such part III is amended by inserting after the item relating to section 139D the following new item:

•  
  `Sec. 139E. Proceeds of sale of animals raised and sold as part of educational program.’.

(c) Effective Date- The amendments made by this section shall apply to sales in taxable years ending after the date of the enactment of this Act.

Latest Major Action: 5/2/2011 Referred to House subcommittee. Status: Referred to the Subcommittee on Domestic Monetary Policy and Technology.

My hope here is that these pages will bring understanding to the real views of Ron Paul that have been so distorted by the media, and that you will share these pages with your friends. I pray that supporters of these small goverment ideas will demand that their representatives bring Mr. Pauls up for an up or down vote in the House of Representatives.

Back to the full Ron Paul Legislation list