Agricultural Producers Value-Added Investment Tax Credit Act of 2005

Summary

Agricultural Producers Value-Added Investment Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow individuals who materially participate in a farming business and certain farmer-owned entities a business tax credit up to $30,000 for investment in qualified value-added agricultural property. Defines "qualified value-added agricultural property" as depreciable property which is used to add value to a good or product, suitable for food or nonfood use, derived in whole or in part from organic matter which is available on a renewable basis, including agricultural crops and agricultural wastes and residues, wood wastes and residues, and domesticated animal wastes. Terminates the credit after 2010.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 4 January 2005

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• Introduced in House

  summary · EN · 4 January 2005

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