An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Tax Credit

A direct reduction in the amount of tax a person or company owes, dollar for dollar, rather than a deduction that only lowers taxable income.

Specialty Crops

Fruits, vegetables, tree nuts, dried fruits, horticulture, and nursery crops, including floriculture.

Precision Agriculture

Using technology like GPS, sensors, and data to manage farm inputs (like seeds, water, and fertilizer) more precisely and efficiently, optimizing yields and reducing waste.

Controlled Environment Agriculture

Growing crops indoors in systems where conditions like temperature, light, humidity, and nutrients are carefully managed throughout the plant's life cycle.

Qualified Investment

The total cost of eligible property, such as equipment, systems, or software, that qualifies for a tax credit.

Depreciation

An accounting method to spread the cost of a tangible asset over its useful life, allowing a business to deduct a portion of the asset's value each year.

Internal Revenue Code of 1986

The main body of federal tax law in the United States.