Local Food Recycling and Regenerative Opportunities Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3166 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3166 To amend the Internal Revenue Code of 1986 to allow a credit against tax for expenses relating to the diversion of wasted food, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 1, 2025 Ms. Strickland (for herself and Mr. Newhouse) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow a credit against tax for expenses relating to the diversion of wasted food, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Local Food Recycling and Regenerative Opportunities Act''. SEC. 2. TAX CREDIT FOR DIVERSION OF WASTED FOOD. (a) In General.--Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following new section: ``SEC. 25F. CREDIT FOR DIVERSION OF WASTED FOOD. ``(a) Allowance of Credit.--In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent of the sum of-- ``(1) the amount paid or incurred by the taxpayer for any qualified residential food recycling appliance placed in service during such taxable year, and ``(2) the amount paid or incurred by the taxpayer during such taxable year for qualified residential organic waste services. ``(b) Limitations.-- ``(1) Qualified residential food recycling appliances.--The credit allowed under this section by reason of subsection (a)(1) with respect to any taxpayer for any taxable year shall not exceed, with respect to an