Establishes a carbon farming tax credit for farmers
What changed between versions
Added Senator FAHY as a co-sponsor and modified the bill's procedural status to include recommitment to the Agriculture Committee.
Removed the environmental conservation law from the list of amended laws and significantly redefined carbon farming to focus on sequestering greenhouse gases into agricultural soils, minerals, and biomass through approved practices rather than broader environmental benefits.
Added detailed definitions for carbon farming certification framework, practice standards, credit value calculation, durability ratings, and monitoring reporting and verification requirements.
Removed the original legislative intent section that listed broad environmental and agricultural benefits including increased yields, soil health, improved water quality, and greenhouse gas reductions.