Bill Details
HR.1754 - 119th Congress
Status
Latest action
2025-02-27 - Referred to the House Committee on Ways and Means.
Introduced Date
2025-02-27
Policy Area
Taxation
Committees
View committees (1)
Cosponsors
6
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would change federal tax rules so certain solar and wind energy projects on agricultural land would no longer qualify for key energy tax credits. In simple terms, it is meant to keep farm and ranch land from being used for large energy projects that receive tax breaks. The bill applies to projects put into service after the law is enacted and focuses on projects owned or operated by public utilities on land used for agriculture.
- It would deny the solar energy tax credit for certain solar equipment placed on agricultural land by a public utility.
- It would also deny the production tax credit for electricity from solar or wind facilities placed on agricultural land by a public utility.
- The bill defines agricultural land by referring to an existing federal law about eligible land in the Food Security Act.
- The changes would apply only to projects placed in service after the bill becomes law.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1754 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1754
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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 27, 2025
Mr. Tiffany (for himself, Mr. Davidson, Mr. Cline, and Mr. Williams of
Texas) introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Future Agriculture Retention and
Management Act of 2025'' or the ``FARM Act of 2025''.
SEC. 2. RESTRICTION ON TAX CREDITS FOR RENEWABLE ENERGY PRODUCTION ON
AGRICULTURAL LAND.
(a) Solar Property.--
(1) In general.--Section 48 of the Internal Revenue Code of
1986 is amended by adding at the end the following new
subsection:
``(f) Denial of Credit With Respect to Certain Solar Energy
Property on Agricultural Land.--
``(1) In general.--Subsection (a) shall not apply to
equipment described in subsection (a)(3)(A)(i) that is placed
in service by a public utility on agricultural land.
``(2) Definitions.--For purposes of this subsection--
``(A) Agricultural land.--The term `agricultural
land' has the meaning given the term `eligible land' in
section 1240A of the Food Security Act of 1985.
``(B) Public utility.--The term `public utility'
has the meaning given the term in section 136(c)(2).''.
(2) Conforming amendment.--Section 48(a)(1) of such Code is
amended by inserting ``subsection (f) and'' after ``provided
in''.
(b) Wind Property.--Section 45(e)(6) of such Code is amended to
read as follows:
``(6) Denial of credit with respect to certain energy
property on agricultural land.--
``(A) In general.--The credit determined under
subsection (a) shall not apply to electricity produced
by a solar energy facility or wind facility placed in
service after the date of enactment of the Future
Agriculture Retention and Management Act of 2025 by a
public utility on agricultural land.
``(B) Definitions.--For the purposes of this
paragraph--
``(i) Agricultural land.--The term
`agricultural land' has the meaning given the
term `eligible land' in section 1240A of the
Food Security Act of 1985.
``(ii) Public utility.--The term `public
utility' has the meaning given the term in
section 136(c)(2).''.
(c) Effective Date.--The amendments made by this section shall
apply to property placed in service after the date of enactment of this
Act.
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