SB 82
Authorizes a tax credit for urban farms located in a food desert
Sponsor:
LR Number:
0963S.01I
Committee:
Last Action:
4/15/2021 - SCS Voted Do Pass S Ways and Means Committee (0963S.02C)
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SCS/SB 82 - This act authorizes a tax credit in an amount equal to fifty percent of a taxpayer's expenses incurred in the construction or development of establishing or improving an urban farm in an urban area, as such terms are defined in the act.

The tax credit shall not exceed $5,000 for any single urban farm and shall not be transferable or refundable, but may be carried forward for three years. The total amount of tax credits authorized under this act shall not exceed $100,000 in any calendar year.

This act shall sunset after six years unless reauthorized by the General Assembly.

This act is identical to HCS/HB 1586 (2020).

JOSH NORBERG

Amendments

No Amendments Found.