Provides an adjusted gross income tax credit for owners of agricultural assets who sell or rent agricultural assets to a qualified beginning farmer. Defines "qualified beginning farmer" and "agricultural assets" for purposes of the credit. Allows a taxpayer to apply to the Indiana economic development corporation (corporation) for approval and certification of the credit. Allows a beginning farmer to apply to the corporation for certification as a qualified beginning farmer. Provides that the credit is equal to: (1) the lesser of 5% of the sale price or fair market value of the agricultural asset or $32,000; or (2) 10% of the gross rental income in each of the first, second, and third years of the rental agreement, up to a maximum of $7,000 per year. Limits the total amount of tax credits that may be awarded in a state fiscal year to: (1) $5,000,000 in state fiscal year 2024-2025; and (2) $6,000,000 in state fiscal year 2025-2026, and each state fiscal year thereafter.