Agricultural Producers Value-Added Investment Tax Credit Act of 2004

Summary

Agricultural Producers Value-Added Investment Tax Credit Act of 2004 - 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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Timeline

1. 24 June 2004

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 24 June 2004

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 June 2004 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 June 2004

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 June 2004

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 June 2004

  Open at official source

Sponsors

• Sen. Clinton, Hillary Rodham [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Agricultural Producers Value-Added Investment Tax Credit Act of 2003