Supporting Innovation in Agriculture Act of 2024

United States118th CongressHR-9263House of Representatives
Latest legislative activity: Aug 2, 2024

Summary

Official 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. 

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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