S-5024

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

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LIZ MATHIS

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KEVIN KINNEY