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HR 4497 106th Congress House

Farmers' Value-Added Agricultural Investment Tax Credit Act

Official title: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for investment by farmers in value-added agricultural property.

Introduced: July 12, 2000 See on congress.gov
Taxation AgribusinessAgricultural cooperativesAgricultural machineryAgriculture and Food
More subjectsShow fewer subjects
Business income taxCommerceCorporation taxesFamiliesFamily farmsFarmersIncome taxInvestment tax creditMinimum taxPartnershipsSmall businessTax creditsTax deductions
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 18, 2000
Introduced in House
May 18, 2000
Referred to the House Committee on Ways and Means.
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 Latest action May 18, 2000

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Farmers' Value-Added Agricultural Investment Tax Credit Act - Amends the Internal Revenue Code to provide that for purposes of the general business credit, for either an eligible farmer or a farmer-owned entity, the value-added agricultural property investment credit for any taxable year is 50 percent of the basis of any qualified value-added agricultural property placed in service during the taxable year. Provides that, in the case of a farmer-owned entity, such credit shall be allocated on a pro rata basis among eligible persons holding qualified interests in such entity as of the last day of such taxable year. Limits such credit.
 Related & companion bills 1
  • S 2746 Identical bill Farmers' Value-Added Agricultural Investment Tax Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 3
R
Lucas, Frank D.
Oklahoma · Jul 12, 2000
 R
Moran, Jerry
Kansas · Jul 12, 2000
 D
Thompson, Bennie G.
Mississippi · Jul 12, 2000
 R
Thune, John
South Dakota · May 18, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4497: Farmers' Value-Added Agricultural Investment Tax Credit Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4497/
MLA
"H.R. 4497: Farmers' Value-Added Agricultural Investment Tax Credit Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4497/.
Bluebook (legal)
H.R. 4497, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4497/.
Markdown link
[H.R. 4497: Farmers' Value-Added Agricultural Investment Tax Credit Act](https://openamerica.io/bill/106-HR-4497/)
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