HR 9263
118th Congress
House
Taxation
Supporting Innovation in Agriculture Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2024
Referred to the House Committee on Ways and Means.
Aug 2, 2024
Introduced in House
Plain-English summary
Supporting Innovation in Agriculture Act of 2024
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1