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H.R.142
Summary:
Summary: H.R.142 [109th]
There is one summary of the bill.Shown Here:Introduced in House (01/04/2005) $('#summarySelector').tnt_dropDownNavigation({"stubUrl":"\/bill\/109th-congress\/house-bill\/142\/","stubName":"summary"}); Agricultural Producers Value-Added Investment Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow individuals who materially participate in a farming business and certain farmer-owned entities a business tax credit up to $30,000 for investment in qualified value-added agricultural property. Defines "qualified value-added agricultural property" as depreciable property which is used to add value to a good or product, suitable for food or nonfood use, derived in whole or in part from organic matter which is available on a renewable basis, including agricultural crops and agricultural wastes and residues, wood wastes and residues, and domesticated animal wastes. Terminates the credit after 2010.