HR 8717
FAIR Meat Packing Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The FAIR Meat Packing Act aims to support the development of rural livestock processing facilities by offering tax incentives. It provides a tax credit for property placed in service at these facilities, up to $250,000 per year, with a limit of $100 million in gross receipts. Additionally, the bill introduces a refundable income tax credit for startup and organizational expenses associated with establishing these facilities, offering up to 90% of eligible costs. These incentives are designed to bolster the domestic meat processing industry and promote rural economic development.
Sponsors
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Primary sponsor
Cosponsors
Billy Long
Blaine Luetkemeyer
Dusty [R-SD-At Large] Johnson
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