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Tax Incentives for Rural Small Meat Processing Facilities

This act introduces new tax credits for small and medium-sized meat processing facilities, particularly those in rural areas. The goal is to support local producers and increase meat availability, potentially impacting price stability and consumer choice. These businesses can receive refunds for a portion of their investment and startup costs.
Key points
A new tax credit of 25% of the investment in livestock processing facilities, up to $250,000 annually, for businesses with annual gross receipts under $100 million.
A refundable tax credit covering 90% of startup and organizational expenditures for new meat processing facilities, making it easier to start operations.
Support is aimed at small facilities employing fewer than 500 people, intending to strengthen local markets and reduce reliance on large corporations.
Tax incentives are available until the end of 2026, giving businesses time to benefit from the program.
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Expired
Citizen Poll
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Additional Information
Print number: 117_S_2558
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2021-07-29
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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_S_2558.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

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% of the investment in livestock processing facilities, up to $250,000 annually, for businesses with annual gross receipts under $100 million.
  • A refundable tax credit covering 90% of startup and organizational expenditures for new meat processing facilities, making it easier to start operations.
  • Support is aimed at small facilities employing fewer than 500 people, intending to strengthen local markets and reduce reliance on large corporations.
  • Tax incentives are available until the end of 2026, giving businesses time to benefit from the program.
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 Sen. Marshall, Roger [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Agriculture Taxes Economy