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 Fiscal Notes
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

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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