Investment in Value-Added Agriculture Act

Summary

Investment in Value-Added Agriculture Act - Amends the Internal Revenue Code to extend the alcohol motor fuel excise tax credit. Authorizes the pro rata allocation of the small ethanol producer credit among patrons of a qualifying cooperative organization. Increases the size of a qualifying producer. Revises such credit respecting: (1) carryback and carryforward; (2) passive activity; (3) minimum tax; and (4) income inclusion addback. Establishes a limited value-added agricultural property investment credit, which shall be available to: (1) a person who materially participates in an eligible farming business; or (2) an eligible farmer-owned entity. States that such credit shall not apply to property placed in service after December 31, 2007.

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

Timeline

1. 17 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S5121)

   Source: IntroReferral

2. 17 May 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 17 May 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 May 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 May 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 May 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 May 2001

  Open at official source

Sponsors

• Sen. Carnahan, Jean [D-MO] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.