H.R. 1707 — Grown in America Act of 2025

This section establishes a new general business tax credit under new IRC §45BB for taxpayers using domestically produced agricultural commodities (i.e., specified commodities such as wheat, corn kernel, rice, oilseeds, pulse crops, sugar, cotton excluding live animals, and farm-raised fish, marketed for human consumption or used in such products) as inputs to produce products in the United States sold for human consumption without further processing. The credit equals the lesser of $100 million or 25% of the taxpayer's total agricultural input costs (domestic plus foreign, excluding commodities designated by the Secretary of Agriculture under the Grown in America Act of 2025) multiplied by the applicable percentage (domestic input costs divided by total input costs). The credit is reduced to zero if the taxpayer's 3-year average applicable percentage falls below annual thresholds escalating from 50% (taxable years beginning in 2026) to 85% (taxable years beginning after 2033). This section allows eligible cooperatives to elect to apportion the credit to patrons based on patronage, with special timing rules for inclusion in patrons' income.