# 119-s-4502: Farm Disaster Tax Cut Act

119-s-4502, Farm Disaster Tax Cut Act, is a 119th Congress bill sponsored by Sen. Ossoff, Jon [D-GA] (D-GA); status introduced; PRIA reads it as touching household money (as of 2026-05-30).

- Canonical: https://policyrisk.com/legislation/119-s-4502
- As of: 2026-05-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4502
- Congress: 119
- Title: Farm Disaster Tax Cut Act
- Status: introduced
- Introduced: 2026-05-12
- Sponsor: Sen. Ossoff, Jon [D-GA] (D-GA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-05-30

## Summary

**Excludes crop insurance indemnity payments from gross income for eligible losses.** This bill would add a new section, 139M, to the tax code to say crop insurance payouts under the Federal Crop Insurance Act are not included in gross income. The exclusion would apply to payments for losses that occur after August 5, 2024 and would not apply to payments for losses that occur after December 31, 2028. The bill also inserts a clerical entry in the code and is titled the Farm Disaster Tax Cut Act.

## Provisions PRIA read

- Tax break for crop insurance payments: benefit, high. This bill would let insured farmers and farm businesses exclude crop insurance indemnity payments from their gross income when the payment is for a loss that occurs after August 5, 2024. The exclusion would stop applying to payments for losses that occur after December 31, 2028. The payments must b…

## Related bills

- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-1748: Kids Online Safety Act
- 119-s-3892: Stop Price Gouging in Grocery Stores Act of 2026
- 119-s-3304: Medical Foods and Formulas Access Act of 2025

## Sources
- [119-s-4502 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4502)

## Related
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3892: Stop Price Gouging in Grocery Stores Act of 2026](https://policyrisk.com/legislation/119-s-3892)
- [119-s-3304: Medical Foods and Formulas Access Act of 2025](https://policyrisk.com/legislation/119-s-3304)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4502 (as of 2026-05-30).