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Tax Incentives for Small Meat Processing Facilities

This bill introduces new tax credits for small and medium-sized livestock processing facilities. The aim is to support local producers and increase meat availability, potentially impacting price stability and consumer choice. Citizens may benefit from potentially greater access to local meat products.
Key points
A new tax credit of 25% for investments in livestock processing facilities, up to $250,000 annually.
The credit is limited to businesses with annual gross receipts not exceeding $100 million, supporting smaller entities.
An additional refundable credit covering 90% of startup and organizational expenses for new processing facilities.
These tax incentives are set to expire at the end of 2026, providing a limited window for businesses to benefit.
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Status:
Expired
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Additional Information
Print number: 117_HR_4854
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2021-07-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FAIR Meat Packing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4854.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • A new tax credit of 25% for investments in livestock processing facilities, up to $250,000 annually.
  • The credit is limited to businesses with annual gross receipts not exceeding $100 million, supporting smaller entities.
  • An additional refundable credit covering 90% of startup and organizational expenses for new processing facilities.
  • These tax incentives are set to expire at the end of 2026, providing a limited window for businesses to benefit.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Jason [R-MO-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Agriculture Economy