Search Results: keywords:"american agricultural commodities"

  • H. R. 10494 — To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities.
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    Status:Introduced in House
    Words:2,257

    H.R. 10494, known as the "Grown in America Act of 2024," aims to change the Internal Revenue Code to give a tax credit to encourage the purchase of American agricultural products. This credit allows businesses to deduct a portion of their costs for buying agricultural goods produced in the...

    Simple Explanation

    The "Grown in America Act of 2024" is like giving companies a reward for buying food and farm stuff that's grown in America, making it cheaper for them if they support local farmers, but there are some rules and limits on how much reward they can get.

  • H. R. 1707 — To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities.
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    Status:Introduced in House
    Words:2,222

    The bill, H.R. 1707, titled the "Grown in America Act of 2025," aims to amend the Internal Revenue Code of 1986 to create a tax credit. This credit is designed to encourage the purchase of agricultural commodities that are produced within the United States. The bill outlines specific...

    Simple Explanation

    The "Grown in America Act of 2025" is a bill that wants to give people a money reward, called a tax credit, for buying food grown on American farms to help local farmers, but it's especially helpful for big farms because they can follow the rules better than small ones.