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Emergency Disaster Aid for Farmers Becomes Tax-Free Income.

This bill introduces significant tax relief for farmers who received federal emergency assistance following natural disasters. Under these new rules, specific disaster aid payments will no longer be counted as taxable income. This change ensures that farmers retain the full value of the financial support intended to help them recover from losses.
Key points
Financial assistance received by farmers under designated emergency programs (like WHIP+) will be excluded from federal income tax.
The tax exclusion applies retroactively to taxable years beginning after December 31, 2023.
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Additional Information
Print number: 118_HR_9837
Sponsor: Rep. Kelly, Trent [R-MS-1]
Process start date: 2024-09-25
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9837.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-25.

What are the main provisions?

Key points include:

  • Financial assistance received by farmers under designated emergency programs (like WHIP+) will be excluded from federal income tax.
  • The tax exclusion applies retroactively to taxable years beginning after December 31, 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kelly, Trent [R-MS-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Agriculture