3.0.0 2658 2023-01-12T17:53:02Z 2023-01-12T17:53:02Z House H HR 2007-06-11 110 hswm00 Ways and Means Committee House Standing Referred to 2007-06-11T16:32:05Z 2007-06-11 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-06-11 Sponsor introductory remarks on measure. (CR E1258-1259) IntroReferral B00100 9 Library of Congress 2007-06-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-11 Introduced in House IntroReferral 1000 9 Library of Congress M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 N Taxation Agribusiness Agricultural cooperatives Agricultural machinery Agriculture and Food Commerce Corporation taxes Families Family farms Farmers Income tax Investment tax credit Minimum tax Partnerships Small business Tax credits Tax deductions Taxation

00 2007-06-11 Introduced in House 2007-06-19T20:45:24Z 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.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2007-06-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2658ih/xml/BILLS-110hr2658ih.xml 2007-06-11 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.