This legislative proposal introduces a new tax credit designed to incentivize investments in advanced farming practices. It amends the Internal Revenue Code of 1986 by establishing the Innovative Agricultural Technology Investment Credit , which provides a 30 percent credit for qualified investments. This credit aims to support the adoption of technologies that enhance agricultural efficiency and sustainability, particularly for specialty crops. To qualify for the credit, investments must be in an "innovative agricultural technology project" primarily focused on producing, storing, processing, and packaging specialty crops . These projects must utilize either precision agriculture or controlled environment agriculture technologies. Qualified property includes tangible personal property, software, and computer systems placed in service by the taxpayer before December 31, 2035. The bill defines controlled environment agriculture as closed, indoor systems using technology to manage the growing environment, encompassing elements like lighting, irrigation, robotics, and AI. Precision agriculture involves using on-farm technology such as GPS, sensors, drones, and variable rate applicators to reduce inputs, optimize pest management, and improve water conservation. Furthermore, the credit allows for elective payment (direct pay) and is transferable , making it more accessible to a wider range of taxpayers, with an effective date for property construction beginning after January 1, 2025.