ASSOCIATION OF EQUIPMENT MANUFACTURERS

Benefits of precision agriculture. Outreach to encourage attendance at the Celebration of Construction on the National Mall. Engine emission reduction efforts. Outreach for EPA to attend the Celebration of Modern AG on the National Mall. Discussed with OPP the data needs for modern drift control technology to be listed as ESA mitigation tool.

Business Interest Deduction. Employee Retention Tax Credit. Foreign Tax Credits. Foreign-Derived Intangible Income (FDII). Full Expensing. GILTI (Global Intangible Low-Taxed Income). Interest Deductibility (163(j) EBITDA Limitation). Interest Deductibility (163(n) Leverage Test). Interest Deductibility (163(o) Carry forward Limits). R&D Amortization. R&D Tax Credit. Sec.473 LIFO Relief. Workforce Development Tax Incentives. Implementation of Section 45W credit for qualified commercial clean vehicles added to the Internal Revenue Code added by Section 13403 of the Inflation Reduction Act (IRA) - H.R.5376 Inflation Reduction Act (IRA) Section 13403/ IRS Notice 2022-46/ IRS Notice 2022-56. H.R.338/S.1108 - Death Tax Repeal Act of 2023. H.R.3936 - Tax Cuts for Working Families Act. H.R.3938 - Build It in America Act. H.R.2673 - American Innovation and R&D Competitiveness Act of 2023. H.R.7024 - Tax Relief for American Families and Workers Act of 2024. S.866 - American Innovation and Jobs Act.

CHIPs and Sciences Act (P.L.117-167) Implementation. CHIPS 2.0 (preliminary discussions about concept). Legislation to establish the Office of Manufacturing and Industrial Innovation Policy and strategic national manufacturing policy for the United States. S.1153/H.R.3917 - National Manufacturing Advisory Council for the 21st Century Act S.44 - ONSHORE Manufacturing Act of 2023. S.46/H.R.580 - American Innovation and Manufacturing Act. S.229 - Securing Semiconductor Supply Chains Act of 2023. H.R.414 - Investing in Rural Manufacturing Act. H.R.752 - Securing Semiconductor Supply Chains Act of 2023. H.R.1710 - Office of Manufacturing and Industrial Innovation Policy Act of 2023. Department of Energy introductory meeting. H.R.826 - Supply Chain Security and Resilience Act. H.R.1836 - Ocean Shipping Reform Implementation Act of 2023.

Discussions regarding modern agriculture equipment adoption and loan programs (dairy, precision agriculture) and results of Environmental Benefits of Modern Dairy, Hay and Forage Production study. Discussed precision irrigation systems and ways to encourage adoption of modern technology. Issues pertaining to climate and its impact in the agriculture sector. S.719 - Precision Agriculture Loan Act of 2023. Celebration of Modern Ag on the National Mall. Crop Insurance. H.R.1495 - Precision Agriculture Loan Program Act of 2023. S.720/H.R.1459 - PRECISE Act of 2023. 2023 Farm Bill (no bill). H.R.1697/S.734 - Promoting Precision Agriculture Act of 2023. H.R. 7015 - Creating Access to Rural Employment and Education for Resilience and Success (CAREERS) Act. Legislation to direct the Secretary of Agriculture to publish an assessment on U.S. dependency on foreign agricultural products and inputs. Celebration of Modern Ag on the National Mall outreach.

Discussions regarding rural broadband expansion and funding allocation. Unlicensed Spectrum Fees Docket #21-190 (FCC). Promotion of Celebration of Construction on the National Mall. S.734 Promoting Precision Agriculture Act of 2023. S.2542: LAST ACRE Act of 2023. Encouraged attendance at the Celebration of Construction on the National Mall. Highlighted connectivity needs of construction tools as well as the methods and equipment used to build out telecommunications infrastructure during Celebration of Construction on the National Mall. Outreach for FCC to attend the Celebration of Modern AG on the National Mall.