Establishes the carbon farming certification committee to develop a certification framework and determine eligible carbon removal practices for tax.

This bill creates the carbon farming certification committee within the Department of Agriculture and Markets. The committee's purpose is to develop a certification framework, determine qualified carbon removal practices eligible for the carbon farming tax credit, and promulgate certification standards for these practices. The bill also mandates the development of educational materials to promote farming practices that reduce, sequester, and mitigate greenhouse gas emissions. It establishes carbon farming tax credits for eligible farmers and provides for the carryover of unused credits.

Establishes the carbon farming certification committee to develop a certification framework and determine eligible carbon removal practices for tax.

This bill creates the carbon farming certification committee within the Department of Agriculture and Markets. The committee's purpose is to develop a certification framework, determine qualified carbon removal practices eligible for the carbon farming tax credit, and promulgate certification standards for these practices. The bill also mandates the development of educational materials to promote farming practices that reduce, sequester, and mitigate greenhouse gas emissions. It establishes carbon farming tax credits for eligible farmers and provides for the carryover of unused credits.