Tax Credits for Farmers: Reducing Emissions and Storing Carbon.
This act introduces new tax credits for farmers who reduce carbon dioxide emissions or store carbon in their soil. The goal is to encourage environmentally friendly practices, potentially impacting food prices and environmental quality, while offering financial benefits to farmers.
Key points
Farmers can receive a tax credit for reducing carbon dioxide emissions from their farms.
A credit is available for increasing the amount of carbon stored in farm soil.
An additional credit is offered to early adopters of new carbon sequestration methods.
The program requires government certification to ensure practices are effective and measurable.
Expired
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