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 updated version of the bill adds a new sponsor, Green, and formally reports the bill from the Finance Committee with amendments. It clarifies the definitions of 'department' and 'lease' and updates the text to explicitly reference the Department of Revenue for refund requests. The most significant substantive change is the addition of a new paragraph allowing owners of agricultural assets to request a refund of up to 75% of their unused tax credit or $15,000, whichever is less, if they cannot use the full credit amount.