Section 1. Short title
This Act may be cited as the Protecting American Farmland Act.
(a) In general
The head of a Federal agency may not use Federal funds, including by providing funds, a loan, or a loan guarantee to any person, to carry out a covered solar energy project that would result in the conversion of prime farmland.
(b) Definitions
In this section:
(1) Conversion
The term conversion means, with respect to prime farmland, any activity that results in the farmland failing to meet the requirements of a State (as such term is defined in section 343 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991)) for agricultural production, activity, or use.
(2) Covered solar energy project
The term covered solar energy project means a project for the installation, operation, and maintenance of a ground-mounted facility for the generation of electricity from solar energy, primarily for the purpose of sale of such electricity.
(3) Federal agency
The term Federal agency has the meaning given the term agency in section 551 of title 5, United States Code.
(4) Prime farmland
The term prime farmland means farmland described in section 1540(c)(1)(A) of the Farmland Protection Policy Act (7 U.S.C. 4201(c)(1)(A)).
(a) In general
Section 25D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(A) In general
Qualified solar electric property expenditure which are properly allocable to property placed in service on prime farmland shall not be taken into account for purposes of this section.
(B) Prime farmland defined
For purposes of this paragraph, the term prime farmland means farmland described in section 1540(c)(1)(A) of the Farmland Protection Policy Act.
(b) Effective date
The amendment made by this section shall apply to property placed in service after the date of the enactment of this section.
(a) In general
Section 45(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(14) Exclusion of solar energy facilities located on prime farmland
The term qualified facility shall not include any solar energy facility located on prime farmland (as defined in section 25D(e)(9)(B)).
(b) Effective date
The amendment made by this section shall apply to facilities placed in service after the date of the enactment of this section.
(a) In general
Section 45Y(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(13) Exclusion of solar facilities located on prime farmland
The term qualified facility shall not include any solar energy facility located on prime farmland (as defined in section 25D(e)(9)(B)).
(b) Effective date
The amendment made by this section shall apply to facilities placed in service after the date of the enactment of this section.
(a) In general
Section 48(a)(3) of the Internal Revenue Code of 1986 is amended by inserting or any property located on prime farmland (as defined in section 25D(e)(9)(B)) after any prior taxable year.
(b) Effective date
The amendment made by this section shall apply to property placed in service after the date of the enactment of this section.
(a) In general
Section 48E(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(6) Exclusion of solar facilities located on prime farmland
Expenditures which are properly allocable to solar energy property placed in service on prime farmland (as defined in section 25D(e)(9)(B)) shall not be taken into account for purposes of this section.
(b) Effective date
The amendment made by this section shall apply to qualified investments with respect to facilities placed in service after the date of the enactment of this section.