Proposed
Bill · 119th Congress · S 4502
Farm Disaster Tax Cut Act
Refreshed 4 h ago
Introduced 2026-05-12Topic: taxes · agriculture foodSummary
AI-generated summary, report an errorThis bill would change the federal tax code so that crop insurance indemnity payments made under the Federal Crop Insurance Act are not counted as gross income for federal income tax purposes. The change would apply to payments for losses that occur after August 5, 2024. It would not apply to payments for losses that occur after December 31, 2028.
Sponsors
- Jon Ossoff Democrat sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-05-12 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-05-12 | Introduced in Senate | introduce |