Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced.

Statutes affected:
A5660: 150 agriculture and markets law, 210-B tax law, 606 tax law, 3-0301 environmental conservation law, 3-0301(2) environmental conservation law, 16 agriculture and markets law