To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses. The main policy domain is Agriculture, Foreign Policy, Environment.
Who Benefits and How
farmers, ranchers, and agricultural businesses may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, farmers, ranchers, and agricultural businesses may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H9EEF523E00D1401AA1B9AB781BC90AFD: 1. Short title This Act may be cited as the Grown in America Act of 2024.
- Section H1948814CCCE24B23BF6F0ED35AAD546C: 2. Domestically produced agriculture credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the...
- Section HA9EEF305B59E43228F117C18C9A267AE: 45BB. Domestically produced agriculture credit For purposes of section 38, the domestically produced agriculture credit determined under this section for any...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Key Policy Areas
Agriculture, Foreign Policy, Environment
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to establish a tax credit to incentivize the purchase of American agricultural commodities., changes federal law or congressional policy affecting farmers, ranchers, and agricultural businesses.
Policy Domains
Whole bill
Identified Gains
- farmers, ranchers, and agricultural businesses
Identified Costs
- federal implementing agencies
- farmers, ranchers, and agricultural businesses
Sponsors
Legislative Progress
IntroducedMr. Kustoff (for himself, Mr. Rouzer, Mr. Alford, Mr. Carey, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_agriculture"
- → Secretary of Agriculture
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology