Provide Tax Incentives to Secure Agriculture Facilities
Background
Provide Tax Incentives to Secure Agriculture Facilities
- Agricultural businesses involved with the use and manufacture of chemicals, pesticides and fertilizers are high-risk targets for terrorist attack and criminal activity.
- Use of pesticides and fertilizers are critical to the protection of our nation’s food supply. The 2008 Farm Bill strengthens security at agriculture chemical and pesticide facilities by providing certain agribusinesses with a 30 percent tax credit, up to $100,000 per facility, for the cost of state-of-the-art security measures, including access control, security camera, and intrusion detection systems.
- The provision was previously included in the Senate passed version of H.R. 2419, the “Farm, Nutrition, and Bioenergy Act of 2007.”
- The Security Industry Association (SIA) partnered with the Agribusiness Security Coalition to support this provision. The Coalition represents a significant number of agribusiness organizations including the Agricultural Retailers Association (ARA), the New York State Agri-Business Association, The Fertilizer Institute, and CropLife America.
- According to the ARA, “A security tax credit allows eligible agricultural businesses to use their own financial resources to take necessary steps to install state of the art security measures that better protect the U.S. agriculture and food system and the American public from the potential threat of terrorism or other illegal activities.”
For more information, contact
Don Erickson
SIA’s Director of Government Relations
703-647-8484
derickson@siaonline.org
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