H.R. 9837

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9837 Introduced in House (IH)]

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118th CONGRESS
2d Session
H. R. 9837

To exclude from gross income certain emergency assistance provided to 
farmers.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

September 25, 2024

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

_______________________________________________________________________

A BILL

To exclude from gross income certain emergency assistance provided to 
farmers.

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

SECTION 1. EXCLUSION FROM GROSS INCOME OF CERTAIN EMERGENCY 
AGRICULTURAL ASSISTANCE.

(a) In General.--Section 139 of the Internal Revenue Code of 1986 
is amended by inserting after subsection (h) the following new 
subsection:
``(i) Certain Agricultural Assistance.--For purposes of this 
section, the term `qualified disaster relief payment' shall include any 
assistance received under any of the following:
``(1) Assistance received under the Wildfires and 
Hurricanes Indemnity Program Plus under subpart O of part 760 
of title 7, Code of Federal Regulations.
``(2) Assistance received under section 1501 of the 
Agricultural Act of 2014 (7 U.S.C. 9081).
``(3) Noninsured crop assistance under section 196 of the 
Federal Agriculture Improvement and Reform Act of 1996 (7 
U.S.C. 7333).
``(4) Assistance under title IV of the Agricultural Credit 
Act of 1978 (16 U.S.C. 2201 et seq.).''.
(b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.
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