Today Congressman Henry Cuellar (D-TX-28), Congressman Michael Conaway (R-TX-11), the Chairman of the Agriculture Committee, and Congressman  Michael McCaul (R-TX-10) introduced the bipartisan Student Agriculture Protection Act.  The legislation would exempt from taxation the first $5000 in proceeds on the sale of livestock or agricultural projects by Future Farmers of America and 4-H participants.

Cuellar: “I have always been a strong supporter of agricultural education. The Student Agriculture Protection Act will encourage students to dedicate themselves to being the next innovators in the agriculture industry. The tax exemption will allow thousands of students who participate in livestock and county fairs across the country each year to take home a larger portion of what they earn.”

McCaul: “The Student Agriculture Protection Act would help cultivate future generations of American farmers by allowing members of these organizations to keep more of their hard earned money made from the sale of livestock or special projects at county fairs and livestock shows. This will reward students for their hard work and allow the U.S. to remain outfitted with the innovative minds that have allowed us to be the world leader in agriculture.”

Conaway: “Organizations like Future Farmers of America and 4-H provide students with invaluable experiences and encourage success through hard work. I’m proud to support legislation that will reward these students for all their efforts, and I hope that it will inspire more students to explore the possibility of a career in agriculture.”

http://www.myharlingennews.com/?p=46464