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 eligible farmers. This credit will amount to twenty percent of qualified investment expenditures made by these farmers on property essential for agricultural production, including machinery, equipment, and buildings.

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