HR 1271

112th CONGRESS
1st Session

H. R. 1271

To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received on the sale of animals which are raised and sold as part of an educational program.

IN THE HOUSE OF REPRESENTATIVES

March 30, 2011

Mr. PAUL introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received on the sale of animals which are raised and sold as part of an educational program.

SECTION 1. SHORT TITLE.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR AMOUNTS RECEIVED ON SALE OF ANIMALS WHICH ARE RAISED AND SOLD AS PART OF EDUCATIONAL PROGRAM.

`SEC. 139E. PROCEEDS OF SALE OF ANIMALS RAISED AND SOLD AS PART OF EDUCATIONAL PROGRAM.

END