FARM Act of 2022

Hozzl · 2022-12-30T04:33:54Z

Explore the details of House Bill 6857 FARM Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 4:33 AM

Summary of Bill HR 6857

The FARM Act of 2022, also known as Bill 117 HR 6857, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and assistance to farmers and ranchers across the country.

One key provision of the FARM Act is the establishment of a new grant program to help farmers and ranchers implement conservation practices on their land. This program aims to promote sustainable agriculture and protect natural resources. Additionally, the bill includes funding for research and development in the agricultural sector, with a focus on improving crop yields and reducing environmental impact.

Another important aspect of the FARM Act is its support for rural communities. The bill includes funding for infrastructure projects in rural areas, such as roads, bridges, and broadband internet access. This is intended to help rural communities thrive and support the agricultural industry. Overall, the FARM Act of 2022 is a comprehensive piece of legislation that aims to support farmers, ranchers, and rural communities across the United States. It includes provisions for conservation, research, and infrastructure development, all of which are crucial for the success of the agricultural sector.

Congressional Summary of HR 6857

Future Agriculture Retention and Management Act of 2022 or FARM Act of 2022

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.

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Current Status of Bill HR 6857

Bill HR 6857 is currently in the status of Bill Introduced since February 28, 2022. Bill HR 6857 was introduced during Congress 117 and was introduced to the House on February 28, 2022. Bill HR 6857's most recent activity was Referred to the House Committee on Ways and Means. as of February 28, 2022

Bipartisan Support of Bill HR 6857

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6857

Primary Policy Focus

Taxation

Potential Impact Areas

- Agriculture and Food

Alternate Title(s) of Bill HR 6857

FARM Act of 2022

Future Agriculture Retention and Management Act of 2022

To 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.