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S 849

The Allegiance Act of 2025

119th Congress Introduced by Bernie Moreno

Bill S 849 offers a USDA construction tax credit to boost agricultural development and rural infrastructure, benefiting farmers, communities, and the construction industry.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 849

Summary of Bill S 849: Establishes the USDA Construction Tax Credit

Overview

Bill S 849, introduced on January 8, 2025, aims to establish a construction tax credit under the United States Department of Agriculture (USDA). This legislation is currently referred to the Budget and Revenue committee for further consideration.

Purpose and Intent

The primary intent of Bill S 849 is to incentivize construction projects that support agricultural development and rural infrastructure. By providing a tax credit, the bill seeks to encourage investment in construction activities that can enhance the agricultural sector and improve living conditions in rural areas.

Key Provisions

While the specific details of the tax credit are not outlined in the provided information, typical provisions in similar legislation may include:

  • Eligibility Criteria: Defining which types of construction projects qualify for the tax credit, potentially including residential, commercial, or agricultural buildings.
  • Credit Amount: Specifying the percentage or dollar amount of the tax credit available to eligible projects.
  • Application Process: Establishing a procedure for applicants to claim the tax credit, including any necessary documentation or approvals from the USDA.
  • Duration: Indicating how long the tax credit will be available and whether it is a one-time benefit or renewable.

Affected Parties

The bill is expected to impact various stakeholders, including:

  • Farmers and Agricultural Businesses: Those looking to expand or improve their facilities may benefit from reduced construction costs.
  • Rural Communities: Enhanced infrastructure could lead to improved economic conditions and quality of life for residents.
  • Construction Industry: Increased demand for construction services in rural areas may stimulate job growth and economic activity.

Procedural Aspects

  • Current Status: As of now, Bill S 849 has been referred to the Budget and Revenue committee, where it will undergo review and discussion.
  • Related Legislation: The bill is linked to prior-session Bill S 8963, which may provide context or background on similar legislative efforts.

Conclusion

Bill S 849 represents a strategic initiative to bolster agricultural development through financial incentives for construction projects. By establishing a USDA construction tax credit, the bill aims to stimulate investment in rural infrastructure, benefiting farmers, communities, and the construction industry alike. Further developments will be monitored as the bill progresses through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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