Bill
A 5660
Overview: A 5660, Establishes a carbon farming tax credit for farmers, PRINT NUMBER 5660A, Introduced: May 08, 2025Purpose and Intent: This bill aims to incentivize and support sus
Overview: A 5660, Establishes a carbon farming tax credit for farmers, PRINT NUMBER 5660A, Introduced: May 08, 2025
Purpose and Intent: This bill aims to incentivize and support sustainable farming practices that sequester carbon and mitigate climate change. It establishes a new tax credit program to encourage farmers to adopt carbon-friendly agricultural methods.
Key Provisions:
- Creates a refundable tax credit of up to $25 per acre for farmers who implement approved carbon farming practices
- Eligible practices include no-till or low-till cultivation, cover cropping, agroforestry, and the use of biochar or compost
- Requires the state Department of Agriculture to develop guidelines and a certification process for qualifying carbon farming activities
- Allocates $50 million annually to fund the tax credit program
Affected Parties and Impacts:
- Farmers and agricultural producers, who can claim the tax credit to offset the costs of transitioning to carbon-sequestering practices
- The state's agricultural sector, which may see increased adoption of sustainable farming methods and reduced greenhouse gas emissions
- Taxpayers, who will contribute funding to the tax credit program through the state budget
Procedural and Timeline Considerations:
The bill has been amended and is now designated as Print Number 5660A. It will proceed to the next stage of the legislative process. If passed, the carbon farming tax credit would take effect starting in the next tax year.
Compiled from official sources — confirm details with the bill’s official record.
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