AN ACT CONCERNING A CONNECTICUT FARMER INVESTMENT TAX CREDIT.

SB 71 creates a new Connecticut farmer investment tax credit for agricultural businesses, modeled after New York State's refundable tax credit program. The bill would allow eligible Connecticut farmers to claim tax credits for qualifying investment expenses, such as equipment or land improvements. This credit directly affects small and mid-sized farm operations seeking to offset costs of capital investments. The policy change aims to provide financial support for farm infrastructure development without specifying exact credit amounts or eligibility thresholds.