SB 618 - This act authorizes an income tax deduction for farm owners who sell, lease, or participate in a crop-share arrangement with a beginning farmer, as such terms are defined in the act. The amount of the deduction shall be equal to 1) the portion of capital gains received from the sale of farmland to a beginning farmer, not to exceed $500,000 in a tax year; 2) the portion of cash rent income received from the lease or rental of farmland to a beginning farmer, not to exceed $25,000 in a tax year; and 3) the portion of income received from the crop-share arrangement with a beginning farmer, not to exceed $25,000 in a tax year. This act is identical to SB 588 (2023) and is substantially similar to a provision in HS/HCS/SS/SB 138 (2023), SS/HB 202 (2023), and HCS/HB 1023 (2023). JOSH NORBERG