The proposed bill, General Assembly Proposed Bill No. 6547, aims to amend title 12 of the general statutes to introduce a new property tax credit specifically for farmers. This credit will amount to twenty percent of qualified investment expenditures made by eligible farmers on property utilized for agricultural production, including machinery, equipment, and buildings.

The bill seeks to support the agricultural sector by providing financial relief through this tax credit, thereby encouraging investment in essential farming infrastructure. The introduction of this credit is intended to enhance the viability and sustainability of farming operations within the state.