To amend the Internal Revenue Code of 1986 to increase the maximum amount of wages that a farmer can pay for agricultural labor without being subject to the Federal unemployment tax on that labor to reflect inflation since the unemployment tax was first established, and to provide for an annual inflation adjustment in such maximum amount of wages.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) increase (from $20,000 to $50,000) the maximum amount of wages that a farmer can pay for agricultural labor without being subject to the Federal unemployment tax on that labor; and (2) provide for an annual inflation adjustment to such maximum amount of wages.…