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CT SB00070

CT SB00070
An Act Concerning A Connecticut Dairy Farmer Tax Credit.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To provide for certain tax credits for dairy farmers in the state.

AI Summary

This bill proposes to establish a dairy farmer tax credit program in Connecticut that would be modeled after the Massachusetts Dairy Farmer Tax Credit Program. The bill aims to provide financial support to dairy farmers in the state through a tax credit mechanism, which would allow eligible dairy farmers to reduce their tax liability. While the specific details of the tax credit are not elaborated in the provided text, such programs typically help offset the economic challenges faced by dairy farmers, such as rising production costs and volatile milk prices. By adopting a model similar to Massachusetts, Connecticut appears to be seeking to support its local dairy farming industry and help farmers maintain economic sustainability.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (4)

Last Action

Change of Reference, House to Committee on Finance, Revenue and Bonding (on 01/27/2025)

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