An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credits relating to beginning farmers, further providing for scope of article, for definitions, for beginning farmer management tax credit and for approval of tax credit.

This bill amends Pennsylvania's tax code to create a new tax credit program designed to help beginning farmers acquire land from existing owners. Under the proposed changes, both the seller of agricultural assets and the new beginning farmer would receive a tax credit equal to five percent of the sale price or fair market value, capped at $50,000 per farm. To qualify, individuals must apply to the Department of Agriculture for certification as a beginning farmer, which requires submitting financial projections and proof of agricultural experience. The legislation also updates definitions to clarify which government department oversees the program and specifies the documentation needed to verify eligibility for the credit.