Personal Income Tax Law: Corporation Tax Law: tax credits: farming.

Summary

The bill lets farms that work on at least 50 acres claim a credit equal to 25% of certain qualified costs, with an extra boost up to 30% if they buy low‑emission equipment or operate in high‑fire‑risk zones. The credit is capped at $1 million per farm and $250 million total each year, and farmers must apply for a reservation through the Department of Food and Agriculture.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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