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119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities.
IN THE HOUSE OF REPRESENTATIVES · February 27, 2025 · Sponsor: Mr. Kustoff · Committee: Committee on Ways and Means
domestic agricultural input costs means any expenses paid or incurred by the taxpayer during any taxable year to purchase agricultural commodities—foreign agricultural input costs means any expenses paid or incurred by the taxpayer during any taxable year to purchase agricultural commodities—applicable threshold
3-year average applicable percentage
eligible cooperative organization specified agricultural or horticultural cooperative