H.R. 317 · 112th Congress

Fresh Fruit and Vegetable Grower Tax Incentive Act of 2011

Stage
In committee
Sponsor
Joe Baca
Introduced
2011-01-19
Latest action
2011-01-19 · Introduced in House

Summary

Fresh Fruit and Vegetable Grower Tax Incentive Act of 2011- Amends the Internal Revenue Code to allow farmers whose gross receipts attributable to fruit and vegetable farming were not more than $500,000 for the previous taxable year a business-related tax credit equal to the lesser of $10,000 or the taxable income attributable to fruit and vegetable farming. Defines "fruit and vegetable farming" as the farming and sale of fruits, vegetables, or both in fresh form generally considered as perishable, but not including any grains or any perishable fruits and vegetables which have been manufactured into articles of food of a different kind or character.