Pipeline · Bill → Law
Step 1
Introduced
Aug 2, 2024
Step 2
Referred
Aug 2, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill establishes a new tax credit for investment in any innovative agricultural technology project. The amount of the credit is 30% of such investment. The bill defines innovative agricultural technology project as an agricultural technology or system placed in service before December 31, 2035, and for which the primary purpose is to produce, store, process, and package specialty crops using precision agriculture or controlled environment agriculture.
Timeline · 2 actions
Aug 2, 2024
Introduced in House
Aug 2, 2024
Referred to the House Committee on Ways and Means.