FARM Act of 2023

1/18/2024, 6:02 AM

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023

This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.

Congress
118
Number
HR - 963
Introduced on
2023-02-09
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/9/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023

This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide that the energy credit shall not apply to certain types of energy production on agricultural land, and for other purposes.
Policy Areas
Taxation

Comments

Related

Member:  Derrick Van Orden

Recent Activity

Latest Summary3/16/2023

Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023

This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that...

Latest Action2/9/2023
Referred to the House Committee on Ways and Means.