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Bill Summary Details

Tax Credit for Carbon Farming (Watch)

SB 286 (Rodriguez) and HB 1069 (Joseph) establish a carbon tax credit to reward and incent farmers in Florida to maintain or adopt agricultural practices that help maximize the state’s carbon sequestration potential. The bills define “carbon farming” as the use of strategies to reduce, mitigate and sequester greenhouse gas emissions on land to support a farm operation using the U.S. Department of Agriculture’s COMET-Planner and other quantification tools. (O’Hara)