Grown in America Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Grown in America Act of 2025 establishes a new tax credit for businesses that purchase agricultural commodities produced in the United States. This credit can be up to 25% of domestic agricultural input costs, but it’s limited to $100 million and decreases over time based on the percentage of domestic agricultural input costs relative to total costs. Businesses must meet a minimum threshold of 50% domestic agricultural input costs by 2026, increasing annually, to qualify for the full credit, which can be carried forward for up to 10 years. The credit is also available to eligible cooperative organizations, with a portion of the credit apportioned to their patrons.
Key provisions
- Provides a tax credit for domestically produced agricultural commodities.
- The credit is calculated as the lesser of 25% of domestic agricultural input costs or $100 million.
- The credit eligibility percentage increases annually, reaching 85% by 2034.
- Businesses must meet a minimum threshold of 50% domestic agricultural input costs to qualify.
- The credit can be carried forward for up to 10 years.
- Eligible cooperative organizations can apportion the credit to their patrons.
- The Secretary of Agriculture will maintain a list of commodities that cannot be feasibly produced domestically.
- The credit is part of the general business tax credit and is subject to specific limitations and rules.
Who is affected
- Businesses involved in agriculture and food production
Bill text
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Sponsors
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37 on record
Primary sponsor
Cosponsors
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