WASHINGTON, D.C. - U.S. Representative Ron Lewis (KY-02) today introduced The Agricultural Business Security Tax Credit Act H.R. 1814, legislation that will provide tax incentives for agricultural businesses to enhance security where agricultural chemicals and fertilizers are manufactured, transported, and stored. Lewis has introduced similar legislation in the last two Congresses.   

“This bill will enable agricultural businesses who handle chemicals and fertilizers to use their own financial resources to take necessary steps to better protect U.S agriculture and the American public from the potential threat of terrorism and other illegal activity,” said Lewis.

Farm-use chemical production is unique in its use, distribution and security needs. Pesticides and fertilizers, while important to farmers and agricultural businesses, can also be used as agents for manufacturing illegal drugs such as methamphetamine. Some chemicals can even be used to develop explosive devises, making these sites a potential target for foreign and domestic terrorists.

            H.R. 1814 will allow agribusiness to offset security-related expenses, providing a tax credit equivalent to 30% of the aggregate amount paid on implementing new security measures, up to $100,000 per facility.

             “This tax credit will help to defray the high costs agricultural businesses now face enhancing on-site security,” said Lewis.

            The Agricultural Business Security Tax Credit Act has earned the support of the Agricultural Retailers Association (ARA) and the Chemical Producers and Distributors Association.

"American agricultural business owners take the responsibility of securing their retail facilities very seriously,” said Allen Summers, President of Asmark Inc. and ARA board member. On behalf of all retailers I applaud Congressman Lewis for sponsoring this bill and demonstrating his dedication to the agriculture industry.  The bill will provide the means for dedicated businesses to continue to implement new and improved security measures."

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