Establishes the carbon farming certification committee to develop a certification framework for carbon farming practices, determine eligible.
The bill establishes the carbon farming certification committee within the Department of Agriculture and Markets to develop a certification framework for carbon farming practices. The committee will determine which carbon removal practices qualify for the carbon farming tax credit and establish certification standards. It also mandates the development of educational materials to promote carbon farming practices that reduce greenhouse gas emissions. The bill provides for carbon farming tax credits for eligible farmers who practice carbon farming on their land.
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