AN ACT INCENTIVIZING INVESTMENTS IN LOCAL FARMS AND AGRICULTURAL OPERATIONS.

HB 5780 establishes a tax credit program to incentivize investments in local farms and agricultural operations. The bill would allow investors to claim a credit against their state income tax for qualifying capital contributions made to local agricultural businesses. This tax credit would directly affect investors by reducing their state tax liability for such investments. The program aims to encourage increased investment in the state's agricultural sector through this financial incentive.