A bill to amend the Internal Revenue Code of 1954 to exclude from gross income a portion of payments made under certain Federal and State cost-sharing programs the primary purpose of which is conservation of soil and water resources, environmental protection or restoration, forest enhancement, or the provision of wildlife habitat.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income payments made to landowners under: (1) the water bank program of the Water Bank Act; (2) the emergency conservation measures program of the Agricultural Credit Act of 1978; (3) the Great Plains conservation program of the Soil Conservation and Domestic Policy Act; (4) the agricultural Conservation program of the Soil Conservation and Domestic Allotment Act; (5) the resource conservation and development program of the Bankhead-Jones Farm Tenant Act and the Soil Conservation and Domestic Allotment Act; (6) the rural clean water program of the Federal Water Pollution Control Act; (7) the forestry incentives program of the Cooperative Forestry Assistance Act of 1978; (8) the rural abandoned mine program of the Surface Mining Control and Reclamation Act of 1977; and (9) any similar State program established for the purposes of conserving soil and water resources and protecting the environment.…