Del. Alfonso Lopez
Sponsored bills
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.
Urges the Congress of the United States to reinstate the Glass-Steagall Act and develop an infrastructure bank.