U.S. Congress - H.R.2658 Agricultural Producers Value-Added Investment Tax Credit Act of 2007
H.R.2658 - Agricultural Producers Value-Added Investment Tax Credit Act of 2007
To amend the Internal Revenue Code of 1986 to provide a tax credit for farmers' investments in value-added agriculture. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide a tax credit for farmers' investments in value-added agriculture. as introduced.
- Short: Agricultural Producers Value-Added Investment Tax Credit Act of 2007 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 8
- All-Time: 1,143
|
|
|
|
|
|
|
|
Committees
Official Summary
6/11/2007--Introduced.Agricultural Producers Value-Added Investment Tax Credit Act of 2007 - 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 qualifOfficial Summary
6/11/2007--Introduced.Agricultural Producers Value-Added Investment Tax Credit Act of 2007 - 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 2012.
...Read the Rest
Vote on This Bill
-
Share This Bill
More Share via Email
