Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
The Buying American Cotton Act of 2026 aims to boost the use of U.S. cotton by offering tax credits to companies that sell cotton products. This helps support American farmers and ensures that cotton is processed through a trustworthy system.
If you buy products made from American cotton, it could help support local farmers and businesses.
Who this affects
American cotton farmers · Cotton product companies
What changes is this bill making?
1This bill creates a tax credit for companies that sell products made from U.S. cotton.
2It encourages the use of cotton grown in the United States.
3The bill requires tracking of cotton through a reliable supply chain.
4Companies can earn a higher credit if the cotton is processed in the U.S. or in certain trade partner countries.
5The credit amount depends on the market price of cotton and the processing location.
