The proposed bill establishes the Carbon Sequestration Task Force within the Florida Department of Environmental Protection, as outlined in the newly created section 403.945 of the Florida Statutes. The task force will consist of various members, including state officials and representatives from environmental organizations and agricultural sectors, tasked with developing a statewide carbon sequestration program. The bill emphasizes the importance of maintaining coastal and freshwater ecosystems for economic and environmental health, and it identifies the need for a program that incentivizes landowners to engage in carbon-sequestering activities.

The task force is required to meet quarterly, starting no later than September 1, 2025, and will submit reports detailing its activities and recommendations by specified deadlines, including a budget request for the 2026-2027 fiscal year. The task force is set to terminate on April 30, 2028. Additionally, the bill appropriates $350,000 in nonrecurring funds from the Administrative Trust Fund to support the task force's operations during the 2025-2026 fiscal year. The act is set to take effect on July 1, 2025.