The proposed bill, General Assembly Proposed Bill No. 71, aims to establish a Connecticut farmer investment tax credit, drawing inspiration from New York State's Farmers and Refundable Tax Credit Program. This initiative is intended to provide financial support to farmers in Connecticut by offering them specific tax credits, thereby encouraging agricultural investment and sustainability within the state.

The bill does not specify any deletions from current law but introduces new legal language to create the tax credit framework. By implementing this tax credit, the bill seeks to enhance the economic viability of farming in Connecticut, ultimately benefiting the agricultural community and the state's economy as a whole.