Supporting Innovation in Agriculture Act of 2025
The source supplies the latest action, but no lifecycle stage.
Latest action (27 Feb 2025): Referred to the House Committee on Ways and Means.
What this bill does
The Supporting Innovation in Agriculture Act of 2025, introduced in the House of Representatives, proposes to amend the Internal Revenue Code to create a new tax credit. This credit would be for investments in what the bill defines as "innovative agricultural technology projects." These projects must primarily focus on producing, storing, processing, and packaging specialty crops using either precision agriculture or controlled environment agriculture techniques. The proposed credit would amount to 30 percent of the qualified investment in eligible property.
This legislation would affect taxpayers who invest in qualified property for innovative agricultural technology projects. Qualified property is defined as tangible personal property or software and similar technology used in such projects. The bill also includes provisions allowing for elective payment of the credit, meaning eligible taxpayers could receive the credit as a direct payment, and for the transferability of the credit to other entities. The bill was introduced on February 27, 2025, and has been referred to the House Committee on Ways and Means.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
27 Feb 2025
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 1705 do?
- The Supporting Innovation in Agriculture Act of 2025, introduced in the House of Representatives, proposes to amend the Internal Revenue Code to create a new tax credit. This credit would be for investments in what the bill defines as "innovative agricultural technology projects." These projects must primarily focus on producing, storing, processing, and packaging specialty crops using either precision agriculture or controlled environment agriculture techniques. The proposed credit would amount to 30 percent of the qualified investment in eligible property. This legislation would affect taxpayers who invest in qualified property for innovative agricultural technology projects. Qualified property is defined as tangible personal property or software and similar technology used in such projects. The bill also includes provisions allowing for elective payment of the credit, meaning eligible taxpayers could receive the credit as a direct payment, and for the transferability of the credit to other entities. The bill was introduced on February 27, 2025, and has been referred to the House Committee on Ways and Means.
- Has H.R. 1705 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 1705. Check the latest action and official source below.
- Who sponsored H.R. 1705?
- H.R. 1705 was sponsored by Rep. Kelly, Mike [R-PA-16] (R-PA), with 22 cosponsors.
- What's the latest action on H.R. 1705?
- Referred to the House Committee on Ways and Means. (27 Feb 2025).
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