Aquaculture oyster floats; tax credit for purchase of floats.

Tax credit for purchase of aquaculture oysterfloats. Establishes an individual nonrefundable income tax creditfor taxable years beginning on or after January 1, 2020, but beforeJanuary 1, 2025, for the purchase price of aquaculture oyster floatspurchased during the taxable year. The amount of credit allowed underthis section shall not exceed $500. The total amount of tax creditsavailable under this section for a calendar year shall not exceed $50,000. If the amount of the credit exceeds the taxpayer's tax liabilityfor the taxable year in which the aquaculture oyster floats werepurchased, the amount that exceeds the tax liability may be carriedover for credit against the income taxes of the taxpayer in the nextfive taxable years.