SB374 - Creates an income tax deduction for payments received as part of a program that compensates agricultural producers for losses from disaster or emergency

SB 374

Creates an income tax deduction for payments received as part of a program that compensates agricultural producers for losses from disaster or emergency

Sponsor:

Schatz

LR Number:

1844S.03C

Committee:

Ways and Means

Last Action:

5/15/2015 - S Informal Calendar S Bills for Perfection--SB 374-Schatz, with SCS

Journal Page:

Title:

SCS SB 374

Calendar Position:

Effective Date:

August 28, 2015

Current Bill Summary

SCS/SB 374 - This act creates an income tax deduction for payments received as part of a program that compensates agricultural producers who have suffered a loss due to disaster or emergency. The deduction will be available for all tax years beginning on or after January 1, 2014.

This act is similar to HB 771 (2015). This act is similar to a provision in HCS/SCS/SB 131 (2015) and HCS/SB 500 (2015).

MIKE HAMMANN

Amendments