See Effective and Termination Dates of Amendment note below. B and redesignated former subpar. D and E. Prior to amendment, par. A , and in subpar. A as so designated, substituted provision limiting, for each of the through crops, the total amount of payments set forth in subpar. B and C. Amendment of this section and repeal of Pub. Amendment by Pub. Please help us improve our site!
No thank you. LII U. Code Title 7. Payment limitations. Code Notes prev next. B produces an agricultural commodity. B Attribution of payments i Payment limits Except as provided in clause ii , payments made to a legal entity shall not exceed the amounts specified in subsections b and c.
B First level Any payments made to a legal entity a first-tier legal entity that is owned in whole or in part by a person shall be attributed to the person in an amount that represents the direct ownership in the first-tier legal entity by the person. C Second level i In general Any payments made to a first-tier legal entity that is owned in whole or in part by another legal entity a second-tier legal entity shall be attributed to the second-tier legal entity in proportion to the ownership of the second-tier legal entity in the first-tier legal entity.
D Third and fourth levels i In general Except as provided in clause ii , the Secretary shall attribute payments at the third and fourth tiers of ownership in the same manner as specified in subparagraph C. B Regulations The Secretary shall issue regulations specifying the conditions under which payments received by a child under the age of 18 will not be attributed to the parents of the child.
B Irrevocable trust i In general In order for a trust to be considered an irrevocable trust, the terms of the trust agreement shall not— I allow for modification or termination of the trust by the grantor;.
II allow for the grantor to have any future, contingent, or remainder interest in the corpus of the trust; or. III except as provided in clause ii , provide for the transfer of the corpus of the trust to the remainder beneficiary in less than 20 years beginning on the date the trust is established. II contingent on the death of the grantor or income beneficiary. C Revocable trust For the purposes of this section through section —5 of this title , a revocable trust shall be considered to be the same person as the grantor of the trust.
B Restriction A cash rent tenant who makes a significant contribution of active personal management, but not of personal labor, with respect to a farming operation shall be eligible to receive a payment described in subsection b or c only if the tenant makes a significant contribution of equipment to the farming operation. B Land rental A lessee of land owned by a Federal agency may receive a payment described in subsection b , c , or d if the lessee otherwise meets all applicable criteria.
B Tenants A lessee of land owned by a State or local government, or political subdivision or agency of the government, may receive payments described in subsections b , c , and d if the lessee otherwise meets all applicable criteria.
B Family members The addition of a family member to a farming operation under the criteria set out in section —1 of this title shall be considered a bona fide and substantive change in the farming operation.
Advanced embedding details, examples, and help! Publication date Usage CC0 1. Org Contributor Public. Org Language English. In order to promote public education and public safety, equal justice for all, a better informed citizenry, the rule of law, world trade and world peace, this legal document is hereby made available on a noncommercial basis, as it is the right of all humans to know and speak the laws that govern them. Addeddate Identifier gov. There are no reviews yet. That means there are other bills with the number H.
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