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A02042 Summary:
BILL NO | A02042 |
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SAME AS | SAME AS S04707 |
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SPONSOR | Barrett |
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COSPNSR | Rosenthal L, Rivera J, Gunther, Glick, Lupardo, Peoples-Stokes, Seawright, Gottfried, Colton, Fahy, Lavine, Steck, Burdick, Otis |
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MLTSPNSR | Cook, Jones, Simon, Thiele |
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Amd 150 & 16, Ag & Mkts L; amd 210-B & 606, Tax L; amd 3-0301 & 19-0309, En Con L | |
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Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced. |