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7 U.S.C. § 1471hIneligibility

submitted 77 years ago by Pub. L. 100-387 to r/title-7-AGRICULTURE · 95 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section excludes a person with qualifying gross revenues over $2,500,000 per year from livestock-emergency benefits. It explains how qualifying gross revenue is calculated.

(a) Any person that has qualifying gross revenues in excess of $2,500,000 annually, as determined by the Secretary, must not be eligible to receive any livestock emergency benefits under this subchapter. (b) For purposes of this section, the term “qualifying gross revenue” means— (1) if a majority of the person’s annual income is received from farming and ranching operations, the gross revenue from the person’s farming and ranching operations; and (2) if less than a majority of the person’s annual income is received from farming and ranching operations, the person’s gross revenue from all sources.
the actual law source: uscode.house.gov ↗public domain
(a)

Any person that has qualifying gross revenues in excess of $2,500,000 annually, as determined by the Secretary, shall not be eligible to receive any livestock emergency benefits under this subchapter.

(b)

For purposes of this section, the term “qualifying gross revenue” means—

(1)

if a majority of the person’s annual income is received from farming and ranching operations, the gross revenue from the person’s farming and ranching operations; and

(2)

if less than a majority of the person’s annual income is received from farming and ranching operations, the person’s gross revenue from all sources.

Source credit: (Oct. 31, 1949, ch. 792, title VI, § 610, as added Pub. L. 100–387, title I, § 101(a), Aug. 11, 1988, 102 Stat. 931.)

history & why it existsrecord from the source credit
  • 1949Enacted · Pub. L. 100-387 · 102 Stat. 931

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-387 on 1949-10-31.

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