Bill · H.R. 1705· House(119-HR-1705)

Supporting Innovation in Agriculture Act of 2025

Age: 78 years

Pennsylvania

Introduced: 2/27/2025
Last activity: 2/27/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Mike Kelly
Cosponsors: - 8 - 14

Taxation

Introduced
In Committee

What this bill would do

The Supporting Innovation in Agriculture Act of 2025 seeks to amend the Internal Revenue Code to create a new tax credit. This credit is designed for investments in innovative agricultural technology projects. The credit amount is set at 30 percent of the qualified investment for a taxable year. Projects must focus on producing, storing, processing, and packaging specialty crops using precision or controlled environment agriculture. These projects must be placed in service before December 31, 2035. The amendments apply to property where construction began after January 1, 2025.

Yes· 3 of 9

Would business owners be better off under this?+6
The 30 percent tax credit directly reduces the cost of capital investments for agricultural business owners.
Would farmers be better off under this?+6
The bill provides significant financial incentives for farmers to invest in precision and controlled environment agriculture.
Does this cut taxes for small businesses?+5
The bill creates a 30 percent tax credit for investments in innovative agricultural technology projects.