Milk production; creates an income tax credit.

Creates an income tax credit beginning in taxable year 2019 for taxpayers who own a dairy farm that sells milk below the producer price that is determined by the State Milk Commission. The credit equals $1,000 per million pounds of milk sold below the producer price for the first seven million pounds, $500 per million pounds of milk sold below the producer price for amounts greater than seven million but not greater than 20 million pounds, $200 per million pounds of milk sold below the producer price for amounts greater than 20 million but not greater than 50 million pounds, and $100 per million pounds of milk sold below the producer price for amounts greater than 50 million pounds but not greater than 90 million pounds.