7 U.S.C. § 1471h — Ineligibility
submitted 77 years ago by Pub. L. 100-387 to r/title-7-AGRICULTURE · 95 words · no verdicts yet
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.
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.
For purposes of this section, the term “qualifying gross revenue” means—
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
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.)
- 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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