New York S 1529: Establishes a carbon farming tax credit for farmers

Bill Text

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 Speaker Carl E. Heastie

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S01529 Summary:

BILL NOS01529A

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SAME ASSAME AS A05660-A

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SPONSORPARKER

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COSPNSRFAHY, FERNANDEZ, MAY, ROLISON, WEBB

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MLTSPNSR

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Amd §150, add Art 11-C §§151-p - 151-t, Ag & Mkts L; amd §§210-B & 606, Tax L

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Establishes the carbon farming certification committee for the purpose of developing a certification framework, determining qualified carbon removal practices eligible for the carbon farming tax credit, and promulgating certification standards for qualified carbon removal practices; provides for the development of educational materials to encourage carbon farming by promoting farming practices which reduce, sequester and mitigate greenhouse gas emissions on land used in support of a farm operation; establishes carbon farming tax credits.

Go to top S01529 Actions:

BILL NOS01529A

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01/10/2025REFERRED TO AGRICULTURE

02/04/2025REPORTED AND COMMITTED TO FINANCE

04/29/20251ST REPORT CAL.749

04/30/20252ND REPORT CAL.

05/01/2025ADVANCED TO THIRD READING 

05/06/2025PASSED SENATE

05/06/2025DELIVERED TO ASSEMBLY

05/06/2025referred to agriculture

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO AGRICULTURE

01/12/2026AMEND (T) AND RECOMMIT TO AGRICULTURE

01/12/2026PRINT NUMBER 1529A

02/25/2026REPORTED AND COMMITTED TO FINANCE

Go to topS01529 Committee&nbspVotes:

Go to topS01529 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01529 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1529--A

 2025-2026 Regular Sessions

 IN SENATE

 January 10, 2025
 ___________

 Introduced by Sens. PARKER, FAHY, FERNANDEZ, MAY, ROLISON, WEBB -- read
 twice and ordered printed, and when printed to be committed to the
 Committee on Agriculture -- recommitted to the Committee on Agricul-
 ture in accordance with Senate Rule 6, sec. 8 -- committee discharged,
 bill amended, ordered reprinted as amended and recommitted to said
 committee

 AN ACT to amend the agriculture and markets law and the tax law, in
 relation to enacting the carbon farming act

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. This act shall be known and may be cited as the "carbon
 2 farming act".
 3 § 2. Section 150 of the agriculture and markets law is amended by
 4 adding a new subdivision 5 to read as follows:
 5 5. "Carbon farming" means the implementation of land management strat-
 6 egies for the purposes of sequestering greenhouse gas emissions into
 7 agricultural soils, minerals and biomass on land used in support of a
 8 farm operation, or in carbonate minerals or bicarbonates, through
 9 approved carbon farming practices pursuant to section one hundred
 10 fifty-one-s of this chapter.
 11 § 3. The agriculture and markets law is amended by adding a new arti-
 12 cle 11-C to read as follows:
 13 ARTICLE 11-C
 14 CARBON FARMING ACT
 15 Section 151-p. Legislative findings and intent.
 16 151-q. Definitions.
 17 151-r. Carbon farming certification committee.
 18 151-s. Approval of carbon farming certification.
 19 151-t. Carbon farming education.
 20 § 151-p. Legislative findings and intent. The legislature finds and
 21 declares that carbon farming presents a significant economic opportunity

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00292-07-5

 S. 1529--A 2

 1 for New York's agricultural sector while advancing the state's climate
 2 goals. By incentivizing soil carbon sequestration, enhancing soil
 3 health, and reducing greenhouse gas emissions, this legislation will
 4 provide direct economic benefits to farmers, improve long-term agricul-
 5 tural productivity, and contribute to the expansion of a carbon farming
 6 industry within the state. Establishing New York as a leader in this
 7 field will promote investment, job creation, and rural economic develop-
 8 ment, while also positioning the state as a model for integrating
 9 climate-smart agricultural practices into a broader decarbonization
 10 strategy.
 11 § 151-q. Definitions. As used in this article:
 12 1. "Committee" means the carbon farming certification committee estab-
 13 lished pursuant to section one hun