HR 1094 · 107th Congress 2001โ€“2003, ended

Farmers' Value-Added Agricultural Investment Tax Credit Act

Latest action · Mar 19, 2001 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 19, 2001
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Farmers' Value-Added Agricultural Investment Tax Credit Act - Amends the Internal Revenue Code to provide that for purposes of the general business credit, for either an eligible farmer or a farmer-owned entity, the value-added agricultural property investment credit for any taxable year is 50 percent of the basis of any qualified value-added agricultural property placed in service during the taxable year. Provides that, in the case of a farmer-owned entity, such credit shall be allocated on a pro rata basis among eligible persons holding qualified interests in such entity as of the last day of such taxable year. Limits such credit.

Cosponsors 25

Members who signed on, in the order they did. Signatures ran from Mar 19, 2001 to May 8, 2002; 2 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-MTDenny RehbergOriginalMar 19, 2001
R-MOJo Ann EmersonOriginalMar 19, 2001
D-MSBennie G. ThompsonMar 29, 2001
R-ALBob RileyMar 29, 2001
R-COBob SchafferMar 29, 2001
R-WAGeorge R. Nethercutt Jr.Mar 29, 2001
R-KSJerry MoranMar 29, 2001
D-MEJohn Elias BaldacciMar 29, 2001
D-OHMarcy KapturMar 29, 2001
R-IDMichael K. SimpsonMar 29, 2001
R-TXPete SessionsMar 29, 2001
D-ILRod R. BlagojevichMar 29, 2001
R-MOSam GravesMar 29, 2001
R-ILJohn ShimkusApr 4, 2001
R-INMark E. SouderApr 4, 2001
D-NYMaurice D. HincheyApr 4, 2001
R-OHPaul E. GillmorApr 4, 2001
R-ILTimothy V. JohnsonApr 4, 2001
R-NEDoug BereuterApr 26, 2001
D-FLKaren L. ThurmanMay 10, 2001
R-NCRobin HayesMay 10, 2001
R-IATom LathamMay 10, 2001
D-ILBobby L. RushMay 22, 2001
D-NMTom UdallJul 17, 2001
R-MDRoscoe G. BartlettMay 8, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Mar 19, 2001

Actions 2

Everything that happened, newest first.

  1. Mar 19, 2001Introduced in House
  2. Mar 19, 2001Referred to the House Committee on Ways and Means.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
HouseDebate and remarks H1089Denny Rehberg R-MTMar 22, 2001

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 107-18REGROWING RURAL AMERICA THROUGH VALUE-ADDED AGRICULTURE68 pagesSmall Business CommitteeJul 17, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to allow a credit against income tax for investment by farmers in value-added agricultural property.
Short Titles as Introduced
Farmers' Value-Added Agricultural Investment Tax Credit Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 19, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.