To exclude from gross income certain assistance provided to farmers, and for other purposes.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Family Farmer and Rancher Tax Fairness Act of 2023 and requires tax treatment of certain assistance to farmers, etc. It relies on tax rate changes, tax deductions, compliance mandates, and exemptions. The main policy areas are Agriculture.
Who Benefits and How
Agricultural producers and rural communities affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates short title This Act may be cited as the Family Farmer and Rancher Tax Fairness Act of 2023.
- Requires tax treatment of certain assistance to farmers, etc.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Family Farmer and Rancher Tax Fairness Act of 2023 and requires tax treatment of certain assistance to farmers, etc.
Key Policy Areas
Agriculture
Primary Purpose
The bill creates short title This Act may be cited as the Family Farmer and Rancher Tax Fairness Act of 2023 and requires tax treatment of certain assistance to farmers, etc.
Policy Domains
Whole bill
Identified Gains
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Booker (for himself, Ms. Stabenow, Mr. Warnock, and Ms. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology