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Ag Research Partnership between Universities and Private Entities

Legislation has been introduced that will help spur new agricultural research by leveraging private dollars to create charitable partnerships between universities and private entities.  The “Charitable Agricultural Research Act” amends the tax code to allow for the creation of new charitable, tax-exempt agricultural research organizations. 

This is similar to medical research organizations that have been successful in supporting innovation in medical sciences since the 1950s.  The legislation is cosponsored by Senators Debbie Stabenow (D-MI) and John Thune (R-SD) in the Senate and Congressmen David Nunes (R-CA) and Ron Kind (D-WI) in the House of Representatives.  

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