AN ACT CONCERNING A TAX CREDIT FOR MILK PRODUCERS.

Summary

The bill gives Connecticut dairy farms a tax credit for each month the federal milk price is lower than the minimum sustainable cost of production. The credit equals the price shortfall multiplied by the farm’s milk output and can be claimed against state income taxes. Excess credits are refunded, up to a $8 million annual cap.

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

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