The proposed bill establishes the Carbon Sequestration Task Force as an adjunct to the Department of Environmental Protection, aimed at developing a statewide carbon sequestration program. It defines key terms such as "blue carbon" and "carbon sequestration," and outlines legislative findings that emphasize the importance of maintaining coastal and freshwater ecosystems for the state's economy and environmental health. The task force will consist of various members, including state officials and representatives from agricultural and environmental organizations, and is required to meet quarterly starting September 1, 2025.

The task force will have several responsibilities, including identifying suitable environments for carbon sequestration, developing methodologies for measuring carbon levels, and recommending benchmarks for increasing carbon sequestration. It is mandated to submit reports summarizing its activities and findings by October 1, 2026, and a comprehensive report with recommendations by October 1, 2027. The task force is set to expire on April 30, 2028, and the bill appropriates $350,000 for the 2025-2026 fiscal year to support its operations. The act is scheduled to take effect on July 1, 2025.