Establishes a domestic cotton consumption credit under the Internal Revenue Code.
The Buying American Cotton Act of 2026 amends the Internal Revenue Code to establish a domestic cotton consumption credit. This credit applies to eligible articles made from qualified cotton, which includes extra long staple cotton or upland cotton grown in the United States. The credit is intended to encourage the consumption of domestically produced cotton and products made from it, and to ensure the cotton is processed through a traceable supply chain.
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