FARM Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1754 Introduced in House (IH)]

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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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