H.R. 1754

119 HR 1754 IH: Future Agriculture Retention and Management Act of 2025
 U.S. House of Representatives
 2025-02-27
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 1754  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.
1.
Short title
This Act may be cited as the   Future Agriculture Retention and Management Act of 2025   or the   FARM Act of 2025  .
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.