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United States · Bill · HR

H.R. 1094 (107th)

Farmers' Value-Added Agricultural Investment Tax Credit Act

referredUnited States· United States Congress· EN

Introduced

19 March 2001

Last action

19 March 2001 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Sen. Thune, John [R-SD], Rep. Emerson, Jo Ann [R-MO-8], Rep. Rehberg, Denny [R-MT-At Large], Rep. Simpson, Michael K. [R-ID-2], Rep. Graves, Sam [R-MO-6], Rep. Kaptur, Marcy [D-OH-9], Rep. Schaffer, Bob [R-CO-4], Rep. Sessions, Pete [R-TX-17], Rep. Baldacci, John Elias [D-ME-2], Sen. Moran, Jerry [R-KS], Rep. Blagojevich, Rod R. [D-IL-5], Rep. Thompson, Bennie G. [D-MS-2], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Riley, Bob [R-AL-3], Rep. Johnson, Timothy V. [R-IL-15], Rep. Gillmor, Paul E. [R-OH-5], Rep. Shimkus, John [R-IL-15], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Souder, Mark E. [R-IN-3], Rep. Bereuter, Doug [R-NE-1], Rep. Thurman, Karen L. [D-FL-5], Rep. Hayes, Robin [R-NC-8], Rep. Latham, Tom [R-IA-3], Rep. Rush, Bobby L. [D-IL-1], Sen. Udall, Tom [D-NM], Rep. Bartlett, Roscoe G. [R-MD-6]

Subjects

Agriculture, Taxation

Source updated

19 August 2025

Agriculture · Taxation

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 19 March 2001

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 19 March 2001

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 March 2001

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 19 March 2001

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 19 March 2001

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 19 March 2001

    Open at official source

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Sponsors

Related records

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Sources

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