This bill establishes a new state income tax credit for taxpayers who incur expenses related to the purchase of feral swine removal equipment, aimed at mitigating the agricultural and ecological damage caused by feral swine. The credit, which is set at seventy percent (70%) of the qualified expenses, is available for tax year 2025 and subsequent years. To qualify, individuals must own at least twenty acres of land and submit relevant documentation, while business entities must also hold title to agricultural land of the same size. The bill specifies that the credit cannot reduce a taxpayer's income tax liability below zero and caps the total credit amount at Fifteen Thousand Dollars ($15,000) across all taxable years. Additionally, any unused credit can be carried over for up to five subsequent years.

The bill defines key terms related to feral swine and their impacts, including "agricultural damage," "ecological impacts," and "qualified expenses." It also clarifies that the credit cannot be claimed by businesses engaged in the commercial hunting or trapping of feral swine. The effective date for this legislation is set for November 1, 2025.