MODIFICATION TO COOPERATIVE MARKETING RULES TO INCLUDE VALUE ADDED PROCESSING INVOLVING ANIMALS.

SEC. 316. MODIFICATION TO COOPERATIVE MARKETING RULES TO INCLUDE VALUE ADDED PROCESSING INVOLVING ANIMALS.(a) In General.—Section 1388 (relating to definitions and special rules) is amended by adding at the end the following new subsection:“(k) Cooperative Marketing Includes Value-Added Processing Involving Animals.—For purposes of section 521 and this subchapter, the marketing of the products of members or other producers shall include the feeding of such products to cattle, hogs, fish, chickens, or other animals and the sale of the resulting animals or animal products.”.(b) Conforming Amendment.—Section 521(b) is amended by adding at the end the following new paragraph:“(7) Cross Reference.— “For treatment of value-added processing involving animals, see section 1388(k).”.(c) Effective Date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.118 STAT. 1470