A5660 — Establishes a carbon farming tax credit for farmers

Summary

Establishes the carbon farming certification committee for the purpose of developing a certification framework, determining qualified carbon removal practices eligible for the carbon farming tax credit, and promulgating certification standards for qualified carbon removal practices; provides for the development of educational materials to encourage carbon farming by promoting farming practices which reduce, sequester and mitigate greenhouse gas emissions on land used in support of a farm operation; establishes carbon farming tax credits.

Bill Text

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Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 150 of the agriculture and markets law.

• Section 150 of the agriculture and markets law

  5. "Carbon farming" means the implementation of land management strat- egies for the purposes of sequestering greenhouse gas emissions into agricultural soils, minerals and biomass on land used in support of a farm operation, or in carbonate minerals or bicarbonates, through approved carbon farming practices pursuant to section one hundred fifty-one-s of this chapter. ARTICLE 11-C CARBON FARMING ACT Section 151-p. Legislative findings and intent. 151-q. Definitions. 151-r. Carbon farming certification committee. 151-s. Approval of carbon farming certification. 151-t. Carbon farming education. § 151-p. Legislative findings and intent. The legislature finds and declares that carbon farming presents a significant economic opportunity for New York's agricultural sector while advancing the state's climate goals. By incentivizing soil carbon sequestration, enhancing soil italics health, and reducing greenhouse gas emissions, this legislation will provide direct economic benefits to farmers, improve long-term agricul- tural productivity, and contribute to the expansion of a carbon farming industry within the state. Establishing New York as a leader in this field will promote investment, job creation, and rural economic develop- ment, while also positioning the state as a model for integrating climate-smart agricultural practices into a broader decarbonization strategy. § 151-q. Definitions. As used in this article: 1. "Committee" means the carbon farming certification committee estab- lished pursuant to section one hundred fifty-one-r of this article. 2. "Carbon farming certification framework" or "certification frame- work" means the set of technical criteria and procedures used to deter- mine eligibility for the carbon farming tax credit. The certification framework shall be used to: (a) identify qualified carbon farming prac- tices that are appropriate and effective within the context of New York state farming systems, based on credible research and regionally rele- vant data; (b) define the factors to be considered in evaluating carbon sequestration potential, including expected duration of storage, moni- toring and verification requirements, appropriate application ranges, and implementation conditions; and (c) provide the basis for developing practice-specific certification standards for each qualified practice. 3. "Carbon farming practice standard" or "practice standard" means the set of practice-specific requirements that shall be met for a qualified practice to be eligible for the carbon farming tax credit. Each practice standard shall: (a) establish the parameters for monitoring, reporting and verification, consistent with accepted scientific and technical methodologies; (b) define appropriate application ranges and implementa- tion thresholds to ensure agronomic suitability and to prevent excessive use of a practice solely for the purpose of increasing the credit value; and (c) specify the conditions under which the practice shall be imple- mented to ensure that the intended carbon sequestration outcomes are achieved. 4. "Carbon farming credit value" or "credit value" means the monetary value assigned per metric ton of carbon dioxide equivalent removed through qualified practices, based on the social cost of carbon as adopted by the department pursuant to section 75-0113 of the environ- mental conservation law, and adjusted, where applicable, by a factor reflecting the expected duration of carbon sequestration. 5. "Carbon farming tax credit" means the carbon farming credit estab- lished pursuant to section two hundred ten-B or six hundred six of the tax law. 6. "Durability rating" means an assessment of the expected length of time that carbon dioxide removed through a qualified practice will remain sequestered. Practices that are determined to store carbon for one hundred years or longer shall receive the highest rating. Practices with shorter storage durations shall receive proportionally lower ratings, to ensure that the

  amended

Action History

1. January 07, 2026

   REFERRED TO AGRICULTURE

2. October 10, 2025

   PRINT NUMBER 5660A

3. October 10, 2025

   AMEND (T) AND RECOMMIT TO AGRICULTURE

4. February 19, 2025

   REFERRED TO AGRICULTURE

Sponsors

• Didi Barrett · Primary

Subjects