1.1    .................... moves to amend H. F. No. 2942, the first engrossment, as follows:
1.2Page 1, line 10, delete "$40,000" and insert "$4,000 or ten percent of the person's
1.3net income from farming operations, as reported on form Schedule F and filed with the
1.4Internal Revenue Service for the previous tax year, whichever is greater"
1.5Page 1, line 18, after "products;" insert "the development of pasture for use by
1.7Page 2, line 12, delete "and"
1.8Page 2, line 13, delete the period and insert "; and"
1.9Page 2, after line 13, insert:
1.10    "(xvii) fences."
1.11Page 2, after line 22, insert:
1.12    "(e) Qualifying expenditures for development of pasture must not include land
1.13acquisition or fertilizer and are limited to soil preparation expenses, seed costs, planting
1.14costs, and weed control, which are allowed once for each acre owned or rented by a
1.15person for the use of livestock and developed into pasture."
1.16Page 2, line 30, delete "of at least $40,000"