S1919119th CongressWALLET

Buying American Cotton Act of 2025

Sponsored By: Senator Cindy Hyde-Smith

Introduced

Summary

A domestic cotton consumption tax credit would encourage buying U.S. cotton and require trustworthy digital tracing from bale to finished product. The credit is based on documented cotton volume, an applicable percentage tied to where processing occurs, and an average market price benchmark.

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  • Farmers and ginners: Would require proof of origin such as a Secretary of Agriculture assigned permanent bale identification number or other approved methods and digital tracing of bale movement and volume. This establishes documentation rules for U.S. grown extra long staple and upland cotton.
  • Manufacturers and textile makers: The credit equals documented pounds times an applicable percentage times an applicable market price. The applicable percentage is 24% when processing happens only in the U.S. or in free trade agreement or unilateral preference countries, and 18% when processed in other countries. Producers may elect credit multipliers of 1.6 for qualified cotton yarn and 6.5 for qualified cotton fabric.
  • Sellers and certifiers: The credit applies to the first sale to an unrelated person of an eligible article in its final retail condition. The Treasury would write regulations to certify eligible articles, prevent double claiming, set digital tracing rules, and handle reporting and transfers. The rule would apply to eligible articles sold on or after January 20, 2025.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

New cotton tax credit for businesses

If enacted, businesses could claim a new tax credit for eligible articles that contain U.S.-grown cotton. The credit would equal the documented volume of qualified cotton × an applicable percentage (24% or 18%) × a 3-year average market price. Taxpayers could elect to treat yarn separately (×1.6) or fabric separately (×6.5). Only the first sale to an unrelated buyer would qualify, and exports normally do not qualify unless tied to U.S. trade income. The credit would be part of the general business credit and be effective for items sold on or after January 20, 2025.

Digital tracing and proof for cotton

If enacted, growers, ginners, and others in the cotton supply chain would need proof-of-origin systems. The bill would require permanent bale IDs or other Secretary-approved proof and digital tracing from U.S. origin to the finished product. The Treasury and Agriculture Secretaries would write rules to stop double claims, require notifications, and set reporting and certification steps. These steps could raise recordkeeping and technology costs for producers and processors starting for items sold on or after January 20, 2025.

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Sponsors & CoSponsors

Sponsor

Cindy Hyde-Smith

MS • R

Cosponsors

  • Katie Britt

    AL • R

    Sponsored 5/22/2025

  • Sen. Marshall, Roger [R-KS]

    KS • R

    Sponsored 5/22/2025

  • John Boozman

    AR • R

    Sponsored 5/22/2025

  • Roger Wicker

    MS • R

    Sponsored 6/11/2025

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 6/11/2025

  • Tommy Tuberville

    AL • R

    Sponsored 6/11/2025

  • Sen. Cornyn, John [R-TX]

    TX • R

    Sponsored 7/9/2025

  • Sen. Tillis, Thomas [R-NC]

    NC • R

    Sponsored 7/24/2025

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 10/27/2025

  • Sen. Cotton, Tom [R-AR]

    AR • R

    Sponsored 12/11/2025

  • Sen. Ossoff, Jon [D-GA]

    GA • D

    Sponsored 12/11/2025

  • Josh Hawley

    MO • R

    Sponsored 3/26/2026

  • Sen. Graham, Lindsey [R-SC]

    SC • R

    Sponsored 4/13/2026

  • Sen. Moran, Jerry [R-KS]

    KS • R

    Sponsored 4/13/2026

Roll Call Votes

No roll call votes available for this bill.

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