Bill > HR1754

This bill, known as the "Future Agriculture Retention and Management Act of 2025" or the "FARM Act of 2025", seeks to modify tax credits for renewable energy production on agricultural land. Specifically, the bill restricts tax credits under the Internal Revenue Code for solar and wind energy projects developed by public utilities on agricultural land. The bill defines agricultural land using the existing definition from the Food Security Act of 1985 and public utility as defined in another section of the tax code. Under these amendments, solar equipment installed by a public utility on agricultural land would no longer be eligible for the energy investment tax credit, and wind facilities placed in service after the bill's enactment would not qualify for production tax credits. The restrictions apply to new energy projects placed in service after the date of the Act's enactment, effectively discouraging renewable energy development on farmland by removing financial incentives for public utilities. The bill appears to prioritize preserving agricultural land for traditional farming purposes over renewable energy infrastructure.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1754/all-info