House File 2317 S-5024 Amend the amendment, S-5022, to House File 2317, as passed by 1 the House, as follows: 2 1. Page 3, line 34, by striking < Subtract > and inserting 3 < Except as provided in paragraph “0b” , subtract > 4 2. Page 3, line 35, before < net > by inserting < fifty percent 5 of > 6 3. Page 4, after line 4 by inserting: 7 < 0b. Subtract, to the extent included, all net income 8 received by an eligible individual pursuant to a farm tenancy 9 agreement covering real property held by an eligible individual 10 for ten or more years, if the farm tenancy agreement is with 11 a tenant-lessee who does not participate in the beginning 12 farmer tax credit program but would be eligible to participate 13 in the beginning farmer tax credit program under chapter 14 16, subchapter VIII, part 5, subpart B, and who meets the 15 definition of beginning farmer in section 16.58. > 16 ______________________________ LIZ MATHIS ______________________________ KEVIN KINNEY -1- S 5022.3420 (2) 89 jm/jh 1/ 1 #1. #2. #3.