| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1705 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to establish a credit for |
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| 6 | 6 | | investments in innovative agricultural technology. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | FEBRUARY27, 2025 |
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| 9 | 9 | | Mr. K |
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| 10 | 10 | | ELLYof Pennsylvania (for himself, Mr. THOMPSONof California, Mr. |
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| 11 | 11 | | M |
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| 12 | 12 | | ILLERof Ohio, Mr. PANETTA, Ms. TENNEY, Mr. RILEYof New York, |
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| 13 | 13 | | Mr. L |
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| 14 | 14 | | AMALFA, Mrs. HAYES, Ms. BYNUM, Mr. MORAN, Mr. VALADAO, |
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| 15 | 15 | | and Mr. H |
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| 16 | 16 | | ARDERof California) introduced the following bill; which was |
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| 17 | 17 | | referred to the Committee on Ways and Means |
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| 18 | 18 | | A BILL |
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| 19 | 19 | | To amend the Internal Revenue Code of 1986 to establish |
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| 20 | 20 | | a credit for investments in innovative agricultural technology. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representa-1 |
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| 22 | 22 | | tives of the United States of America in Congress assembled, 2 |
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| 23 | 23 | | SECTION 1. SHORT TITLE. 3 |
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| 24 | 24 | | This Act may be cited as the ‘‘Supporting Innovation 4 |
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| 25 | 25 | | in Agriculture Act of 2025’’. 5 |
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| 26 | 26 | | SEC. 2. CREDIT FOR INVESTMENT IN INNOVATIVE AGRI-6 |
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| 27 | 27 | | CULTURAL TECHNOLOGY. 7 |
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| 28 | 28 | | (a) I |
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| 29 | 29 | | NGENERAL.—Subpart E of part IV of sub-8 |
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| 30 | 30 | | chapter A of chapter 1 of the Internal Revenue Code of 9 |
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| 31 | 31 | | VerDate Sep 11 2014 02:01 Mar 15, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1705.IH H1705 |
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| 32 | 32 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 33 | 33 | | •HR 1705 IH |
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| 34 | 34 | | 1986 is amended by inserting after section 48E the fol-1 |
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| 35 | 35 | | lowing new section: 2 |
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| 36 | 36 | | ‘‘SEC. 48F. INNOVATIVE AGRICULTURAL TECHNOLOGY IN-3 |
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| 37 | 37 | | VESTMENT CREDIT. 4 |
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| 38 | 38 | | ‘‘(a) I |
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| 39 | 39 | | NGENERAL.—For purposes of section 46, the 5 |
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| 40 | 40 | | innovative agricultural technology investment credit for 6 |
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| 41 | 41 | | any taxable year is an amount equal to 30 percent of the 7 |
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| 42 | 42 | | qualified investment for such taxable year with respect to 8 |
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| 43 | 43 | | any innovative agricultural technology project. 9 |
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| 44 | 44 | | ‘‘(b) Q |
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| 45 | 45 | | UALIFIEDINVESTMENT.— 10 |
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| 46 | 46 | | ‘‘(1) I |
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| 47 | 47 | | N GENERAL.—For purposes of subsection 11 |
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| 48 | 48 | | (a), the qualified investment with respect to any in-12 |
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| 49 | 49 | | novative agricultural technology project for any tax-13 |
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| 50 | 50 | | able year is the basis of any qualified property 14 |
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| 51 | 51 | | placed in service by the taxpayer during such taxable 15 |
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| 52 | 52 | | year which is part of an innovative agricultural tech-16 |
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| 53 | 53 | | nology project. 17 |
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| 54 | 54 | | ‘‘(2) Q |
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| 55 | 55 | | UALIFIED PROPERTY.—For purposes of 18 |
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| 56 | 56 | | this section, the term ‘qualified property’ means 19 |
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| 57 | 57 | | property— 20 |
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| 58 | 58 | | ‘‘(A) which is— 21 |
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| 59 | 59 | | ‘‘(i) tangible personal property, wheth-22 |
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| 60 | 60 | | er or not affixed to real property (including 23 |
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| 61 | 61 | | equipment, systems and their components, 24 |
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| 62 | 62 | | materials, machinery, accessories, and 25 |
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| 64 | 64 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 65 | 65 | | •HR 1705 IH |
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| 66 | 66 | | structural components), which is used as 1 |
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| 67 | 67 | | an integral part of an innovative agricul-2 |
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| 68 | 68 | | tural technology project, or 3 |
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| 69 | 69 | | ‘‘(ii) software, a computer system, or 4 |
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| 70 | 70 | | similar technology, 5 |
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| 71 | 71 | | ‘‘(B) with respect to which depreciation (or 6 |
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| 72 | 72 | | amortization in lieu of depreciation) is allow-7 |
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| 73 | 73 | | able, and 8 |
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| 74 | 74 | | ‘‘(C)(i) the construction, reconstruc-9 |
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| 75 | 75 | | tion, or erection of which is completed by 10 |
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| 76 | 76 | | the taxpayer, or 11 |
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| 77 | 77 | | ‘‘(ii) which is acquired by the 12 |
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| 78 | 78 | | taxpayer if the original use of such 13 |
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| 79 | 79 | | property commences with the tax-14 |
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| 80 | 80 | | payer. 15 |
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| 81 | 81 | | ‘‘(3) I |
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| 82 | 82 | | NNOVATIVE AGRICULTURAL TECHNOLOGY 16 |
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| 83 | 83 | | PROJECT.—The term ‘innovative agricultural tech-17 |
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| 84 | 84 | | nology project’ means an agricultural technology or 18 |
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| 85 | 85 | | system— 19 |
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| 86 | 86 | | ‘‘(A) which is placed in service before De-20 |
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| 87 | 87 | | cember 31, 2035, and 21 |
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| 88 | 88 | | ‘‘(B) for which the primary purpose is to 22 |
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| 89 | 89 | | produce, store, process, and package specialty 23 |
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| 90 | 90 | | crops (as defined in section 3 of the Specialty 24 |
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| 91 | 91 | | Crops Competitiveness Act of 2004) using— 25 |
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| 93 | 93 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 4 |
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| 94 | 94 | | •HR 1705 IH |
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| 95 | 95 | | ‘‘(i) precision agriculture, or 1 |
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| 96 | 96 | | ‘‘(ii) controlled environment agri-2 |
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| 97 | 97 | | culture. 3 |
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| 98 | 98 | | ‘‘(c) S |
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| 99 | 99 | | PECIALRULES.— 4 |
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| 100 | 100 | | ‘‘(1) C |
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| 101 | 101 | | ERTAIN PROCESS EXPENDITURE RULES 5 |
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| 102 | 102 | | MADE APPLICABLE.—Rules similar to the rules of 6 |
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| 103 | 103 | | subsections (c)(4) and (d) of section 46 (as in effect 7 |
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| 104 | 104 | | on the day before the date of the enactment of the 8 |
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| 105 | 105 | | Revenue Reconciliation Act of 1990) shall apply for 9 |
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| 106 | 106 | | purposes of subsection (a). 10 |
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| 107 | 107 | | ‘‘(2) D |
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| 108 | 108 | | ENIAL OF DOUBLE BENEFIT UNDER 11 |
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| 109 | 109 | | GRANT PROGRAMS .—Rules similar to the rules of 12 |
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| 110 | 110 | | section 48(d) shall apply for purposes of this section 13 |
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| 111 | 111 | | with respect to— 14 |
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| 112 | 112 | | ‘‘(A) any renewable energy system, energy 15 |
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| 113 | 113 | | efficiency improvement, or equipment or system 16 |
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| 114 | 114 | | purchased, made, or installed using a grant 17 |
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| 115 | 115 | | provided under section 9007(c) of the Farm Se-18 |
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| 116 | 116 | | curity and Rural Investment Act of 2002 (7 19 |
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| 117 | 117 | | U.S.C. 8107(c)), or 20 |
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| 118 | 118 | | ‘‘(B) any physical improvement to land 21 |
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| 119 | 119 | | made using a payment provided under the envi-22 |
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| 120 | 120 | | ronmental quality incentives program estab-23 |
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| 121 | 121 | | lished under subchapter A of chapter 4 of sub-24 |
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| 123 | 123 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 5 |
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| 124 | 124 | | •HR 1705 IH |
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| 125 | 125 | | title D of title XII of the Food Security Act of 1 |
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| 126 | 126 | | 1985 (16 U.S.C. 3839aa et seq.). 2 |
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| 127 | 127 | | ‘‘(d) D |
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| 128 | 128 | | EFINITIONS.—In this section— 3 |
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| 129 | 129 | | ‘‘(1) C |
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| 130 | 130 | | ONTROLLED ENVIRONMENT AGRI -4 |
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| 131 | 131 | | CULTURE.—The term ‘controlled environment agri-5 |
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| 132 | 132 | | culture’ means a closed, indoor agricultural produc-6 |
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| 133 | 133 | | tion system using controlled environment agriculture 7 |
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| 134 | 134 | | technology in which the environment and inputs can 8 |
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| 135 | 135 | | be controlled throughout the lifecycle of a crop. 9 |
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| 136 | 136 | | ‘‘(2) C |
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| 137 | 137 | | ONTROLLED ENVIRONMENT AGRI -10 |
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| 138 | 138 | | CULTURE TECHNOLOGY .—The term ‘controlled envi-11 |
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| 139 | 139 | | ronment agriculture technology’ means any tech-12 |
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| 140 | 140 | | nology (including equipment, systems and their com-13 |
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| 141 | 141 | | ponents, materials, and accessories that are nec-14 |
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| 142 | 142 | | essary for the deployment of such technology) that 15 |
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| 143 | 143 | | is required to create, support, and maintain the nec-16 |
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| 144 | 144 | | essary growing environment for plants and directly 17 |
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| 145 | 145 | | contributes to the efficient production, harvesting, 18 |
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| 146 | 146 | | processing, or packaging of agricultural products 19 |
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| 147 | 147 | | and goods, including— 20 |
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| 148 | 148 | | ‘‘(A) heating, cooling, thermal screening, 21 |
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| 149 | 149 | | humidification, dehumidification, and air cir-22 |
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| 150 | 150 | | culation systems, 23 |
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| 151 | 151 | | ‘‘(B) horticultural lighting systems and 24 |
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| 152 | 152 | | glazing materials, 25 |
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| 154 | 154 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 6 |
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| 155 | 155 | | •HR 1705 IH |
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| 156 | 156 | | ‘‘(C) irrigation and water treatment and 1 |
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| 157 | 157 | | filtration systems, 2 |
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| 158 | 158 | | ‘‘(D) nutrient delivery and management, 3 |
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| 159 | 159 | | ‘‘(E) sensors and vision systems for gath-4 |
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| 160 | 160 | | ering data within a commercial controlled envi-5 |
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| 161 | 161 | | ronment agricultural facility, 6 |
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| 162 | 162 | | ‘‘(F) software, including data management 7 |
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| 163 | 163 | | software, advanced analytics, machine learning 8 |
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| 164 | 164 | | systems and artificial intelligence systems, de-9 |
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| 165 | 165 | | signed as part of or sold in connection with con-10 |
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| 166 | 166 | | trolled environment agriculture technology, 11 |
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| 167 | 167 | | ‘‘(G) robotics, conveyance, and automation 12 |
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| 168 | 168 | | systems, including automated storage and re-13 |
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| 169 | 169 | | trieval equipment, 14 |
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| 170 | 170 | | ‘‘(H) automatic harvesting, seeding, trans-15 |
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| 171 | 171 | | planting, and sanitation systems, and 16 |
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| 172 | 172 | | ‘‘(I) any other technology, as determined 17 |
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| 173 | 173 | | by the Secretary, that contributes to the effi-18 |
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| 174 | 174 | | cient production, harvesting, processing, or 19 |
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| 175 | 175 | | packaging of agricultural products and goods in 20 |
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| 176 | 176 | | commercial controlled environment agricultural 21 |
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| 177 | 177 | | facilities. 22 |
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| 178 | 178 | | ‘‘(3) P |
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| 179 | 179 | | RECISION AGRICULTURE .—The term 23 |
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| 180 | 180 | | ‘precision agriculture’ means the use of on-farm pre-24 |
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| 181 | 181 | | cision agriculture technology in— 25 |
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| 183 | 183 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 7 |
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| 184 | 184 | | •HR 1705 IH |
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| 185 | 185 | | ‘‘(A) managing, tracking, or reducing crop 1 |
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| 186 | 186 | | production inputs, including seed, land, fer-2 |
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| 187 | 187 | | tilizer, chemicals, water, and time, 3 |
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| 188 | 188 | | ‘‘(B) optimizing weed, pest, and disease 4 |
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| 189 | 189 | | identification, 5 |
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| 190 | 190 | | ‘‘(C) managing and tracking crop harvest 6 |
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| 191 | 191 | | and on-farm storage at a heightened level of 7 |
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| 192 | 192 | | spatial and temporal granularity to improve ef-8 |
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| 193 | 193 | | ficiencies, reduce waste, and maintain environ-9 |
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| 194 | 194 | | mental quality, and 10 |
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| 195 | 195 | | ‘‘(D) improving on-farm water conserva-11 |
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| 196 | 196 | | tion and irrigation efficiency. 12 |
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| 197 | 197 | | ‘‘(4) P |
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| 198 | 198 | | RECISION AGRICULTURE TECHNOLOGY .— 13 |
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| 199 | 199 | | The term ‘precision agriculture technology’ means 14 |
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| 200 | 200 | | any technology (including equipment that is nec-15 |
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| 201 | 201 | | essary for the deployment of such technology) that 16 |
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| 202 | 202 | | directly contributes to a reduction in, or improved 17 |
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| 203 | 203 | | efficiency of, inputs used in specialty crop produc-18 |
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| 204 | 204 | | tion, harvesting, and on-farm storage including— 19 |
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| 205 | 205 | | ‘‘(A) Global Positioning System-based or 20 |
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| 206 | 206 | | geospatial mapping, 21 |
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| 207 | 207 | | ‘‘(B) satellite or aerial imagery, 22 |
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| 208 | 208 | | ‘‘(C) yield monitors, 23 |
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| 209 | 209 | | ‘‘(D) soil mapping, 24 |
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| 211 | 211 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 8 |
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| 212 | 212 | | •HR 1705 IH |
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| 213 | 213 | | ‘‘(E) non-chemical weed and pest control 1 |
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| 214 | 214 | | technologies, including autonomous laser weed-2 |
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| 215 | 215 | | ers, 3 |
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| 216 | 216 | | ‘‘(F) vision systems, remote sensors, and 4 |
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| 217 | 217 | | temperature and soil moisture monitors, 5 |
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| 218 | 218 | | ‘‘(G) internet of things and telematics 6 |
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| 219 | 219 | | technologies, 7 |
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| 220 | 220 | | ‘‘(H) software, including data manage-8 |
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| 221 | 221 | | ment, advanced analytics, machine learning, 9 |
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| 222 | 222 | | and artificial intelligence systems, designed as 10 |
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| 223 | 223 | | part of or sold in connection with other preci-11 |
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| 224 | 224 | | sion agriculture technology, 12 |
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| 225 | 225 | | ‘‘(I) network connectivity products and so-13 |
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| 226 | 226 | | lutions, 14 |
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| 227 | 227 | | ‘‘(J) Global Positioning System guidance 15 |
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| 228 | 228 | | or auto-steer systems, 16 |
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| 229 | 229 | | ‘‘(K) variable rate technology for applying 17 |
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| 230 | 230 | | inputs, such as section control, 18 |
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| 231 | 231 | | ‘‘(L) robotics, 19 |
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| 232 | 232 | | ‘‘(M) uncrewed aircraft systems and 20 |
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| 233 | 233 | | uncrewed ground vehicles, and 21 |
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| 234 | 234 | | ‘‘(N) any other technology, as determined 22 |
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| 235 | 235 | | by the Secretary, that leads to a reduction in, 23 |
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| 236 | 236 | | or improves efficiency of, inputs used in crop 24 |
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| 238 | 238 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 9 |
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| 239 | 239 | | •HR 1705 IH |
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| 240 | 240 | | production and harvesting, which may include 1 |
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| 241 | 241 | | seed, fertilizer, chemicals, water, and time.’’. 2 |
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| 242 | 242 | | (b) E |
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| 243 | 243 | | LECTIVEPAYMENT OFCREDIT.—Section 6417 3 |
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| 244 | 244 | | of such Code is amended— 4 |
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| 245 | 245 | | (1) in subsection (b), by adding at the end the 5 |
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| 246 | 246 | | following: 6 |
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| 247 | 247 | | ‘‘(13) The innovative agricultural technology in-7 |
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| 248 | 248 | | vestment credit under section 48F.’’, and 8 |
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| 249 | 249 | | (2) in subsection (d)(1)— 9 |
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| 250 | 250 | | (A) in subparagraph (E), by striking ‘‘(C), 10 |
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| 251 | 251 | | or (D)’’ each place such term appears and in-11 |
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| 252 | 252 | | serting ‘‘(C), (D), or (E)’’, 12 |
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| 253 | 253 | | (B) by redesignating subparagraph (E) (as 13 |
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| 254 | 254 | | amended by clause (i)) as subparagraph (F), 14 |
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| 255 | 255 | | and 15 |
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| 256 | 256 | | (C) by inserting after subparagraph (D) 16 |
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| 257 | 257 | | the following: 17 |
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| 258 | 258 | | ‘‘(E) E |
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| 259 | 259 | | LECTION WITH RESPECT TO INNO -18 |
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| 260 | 260 | | VATIVE AGRICULTURAL TECHNOLOGY INVEST -19 |
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| 261 | 261 | | MENT CREDIT.—If a taxpayer other than an en-20 |
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| 262 | 262 | | tity described in subparagraph (A) makes an 21 |
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| 263 | 263 | | election under this subparagraph with respect 22 |
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| 264 | 264 | | to any taxable year in which such taxpayer has, 23 |
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| 265 | 265 | | after December 31, 2023, placed in service 24 |
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| 266 | 266 | | qualified property which is part of an innovative 25 |
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| 268 | 268 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 10 |
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| 269 | 269 | | •HR 1705 IH |
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| 270 | 270 | | agricultural technology project (as defined in 1 |
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| 271 | 271 | | section 48F(b)), such taxpayer shall be treated 2 |
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| 272 | 272 | | as an applicable entity for purposes of this sec-3 |
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| 273 | 273 | | tion for such taxable year, but only with respect 4 |
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| 274 | 274 | | to the credit described in subsection (b)(13).’’. 5 |
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| 275 | 275 | | (c) T |
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| 276 | 276 | | RANSFERABILITY.—Section 6418(f)(1)(A) of 6 |
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| 277 | 277 | | such Code is amended by adding at the end the following 7 |
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| 278 | 278 | | new clause: 8 |
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| 279 | 279 | | ‘‘(xii) The innovative agricultural 9 |
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| 280 | 280 | | technology investment credit determined 10 |
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| 281 | 281 | | under section 48F.’’. 11 |
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| 282 | 282 | | (d) C |
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| 283 | 283 | | ONFORMINGAMENDMENTS.— 12 |
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| 284 | 284 | | (1) Section 46 of such Code is amended— 13 |
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| 285 | 285 | | (A) in paragraph (6), by striking ‘‘and’’ at 14 |
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| 286 | 286 | | the end, 15 |
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| 287 | 287 | | (B) in paragraph (7), by striking the pe-16 |
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| 288 | 288 | | riod at the end and inserting ‘‘, and’’, and 17 |
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| 289 | 289 | | (C) by adding at the end the following new 18 |
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| 290 | 290 | | paragraph: 19 |
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| 291 | 291 | | ‘‘(8) the innovative agricultural technology in-20 |
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| 292 | 292 | | vestment credit.’’. 21 |
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| 293 | 293 | | (2) Section 49(a)(1)(C) of such Code is amend-22 |
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| 294 | 294 | | ed— 23 |
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| 295 | 295 | | (A) in clause (vii), by striking ‘‘and’’ at the 24 |
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| 296 | 296 | | end, 25 |
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| 299 | 299 | | •HR 1705 IH |
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| 300 | 300 | | (B) in clause (viii), by striking the period 1 |
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| 301 | 301 | | at the end and inserting ‘‘, and’’, and 2 |
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| 302 | 302 | | (C) by adding at the end the following new 3 |
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| 303 | 303 | | clause: 4 |
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| 304 | 304 | | ‘‘(ix) the basis of any qualified prop-5 |
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| 305 | 305 | | erty which is part of an innovative agricul-6 |
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| 306 | 306 | | tural technology project under section 7 |
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| 307 | 307 | | 48F.’’. 8 |
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| 308 | 308 | | (3) Section 50(a)(2)(E) of such Code is amend-9 |
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| 309 | 309 | | ed by striking ‘‘or 48E(e)’’ and inserting ‘‘48E(e), 10 |
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| 310 | 310 | | or 48F(c)(1)’’. 11 |
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| 311 | 311 | | (4) The table of sections for subpart E of part 12 |
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| 312 | 312 | | IV of subchapter A of chapter 1 of such Code is 13 |
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| 313 | 313 | | amended by inserting after the item relating to sec-14 |
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| 314 | 314 | | tion 48E the following new item: 15 |
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| 315 | 315 | | ‘‘Sec. 48F. Innovative agricultural technology investment credit.’’. |
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| 316 | 316 | | (e) EFFECTIVEDATE.—The amendments made by 16 |
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| 317 | 317 | | this section shall apply to property the construction of 17 |
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| 318 | 318 | | which began after January 1, 2025. 18 |
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| 319 | 319 | | Æ |
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