Supporting Innovation in Agriculture Act of 2024 2024-08-02 Introduced in House Supporting Innovation in Agriculture Act of 2024

This bill establishes a new tax credit for investment in any innovative agricultural technology project. The amount of the credit is 30% of such investment.

The bill defines innovative agricultural technology project as an agricultural technology or system placed in service before December 31, 2035, and for which the primary purpose is to produce, store, process, and package specialty crops using precision agriculture or controlled environment agriculture. 

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