Supporting Innovation in Agriculture Act of 2024

• Authority: United States Congress
• Parent authority: Federal government
• Jurisdiction: United States
• Collections: U.S. federal laws
• Most recent activity: Defunct
• Most recent activity date: 2025-01-03

Risk subdomain coverage

All other risk subdomains had no coverage in this document.

Risk Coverage Summary

This document is a tax credit bill for agricultural technology investment and does not address AI risks or harms. While it mentions AI systems as eligible technology, it does not cover any of the risk domains in the MIT taxonomy, as it focuses solely on financial incentives rather than risk mitigation, governance, or safety measures.

Sector coverage

Good coverage — Comprehensive governance measures or mitigations with clear procedures relating to the sector are explicitly described.

• Agriculture, Mining, Construction & Manufacturing

All other sectors had no coverage in this document.

Sectors Summary

This document primarily governs the Agriculture sector by providing tax credits for investments in innovative agricultural technology, including AI systems for precision agriculture and controlled environment agriculture. It specifically targets specialty crop production.

Legislative Status

Hard Law

Legislative Status Summary

This is a binding legislative bill that would amend the Internal Revenue Code to create mandatory tax credit provisions with specific eligibility criteria, compliance requirements, and enforcement through the tax system.

Actors

Proposer

• Entity Types: AI_Governance_Actor
• Summary: The document is explicitly presented as a bill to be enacted by the legislative branch of the U.S. government, as indicated in the opening clause.

Target

• Entity Types: AI_Developer, AI_Deployer
• Summary: The bill targets taxpayers who place qualified property in service as part of innovative agricultural technology projects. This includes entities developing or deploying AI systems, machine learning systems, and artificial intelligence systems for agricultural purposes.

Enforcer

• Entity Types: AI_Governance_Actor
• Summary: The bill amends the Internal Revenue Code and references the Secretary (of the Treasury) as the authority to determine eligible technologies and enforce compliance through tax administration.

Monitor

• Entity Types: AI_Governance_Actor
• Summary: The IRS would monitor compliance through tax return review, audit procedures, and verification of qualified investments and property eligibility under the tax credit program.

AI Lifecycle Stages

Lifecycle stages covered by the documents, as defined in the OECD Framework for the Classification of AI Systems

• Deploy

AI Lifecycle Summary

The document does not govern specific AI lifecycle stages but rather provides financial incentives for investment in agricultural technology that may include AI systems. It focuses on the acquisition and deployment of qualified property rather than the development, testing, or monitoring of AI systems themselves.

Technical Scope

Terms relating to technical scope that are mentioned or implicitly referenced in the document

• AI Systems

Technical Scope Summary

The document explicitly mentions AI systems and machine learning systems as eligible technologies for tax credits in agricultural applications. It does not define AI models, AI systems, or distinguish between different types of AI (frontier, general purpose, task-specific, etc.). No compute thresholds or open-weight model provisions are mentioned.