Connecticut SB 148: AN ACT REQUIRING DISCLOSURE OF TAXES AND GOVERNMENT-MANDATED FEES ON SIGNAGE ADVERTISING THE PRICE OF GASOLINE OR DIESEL FUEL.

Bill Text

Substitute Senate Bill No. 148

Public Act No. 26-75

AN ACT CONCERNING REVISIONS TO AQUACULTURE-RELATED
STATUTES AND PROVIDING FOR CERTAIN FARMING-RELATED
PROGRAMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective July 1, 2026) There is established the Dairy
Modernization Grant Program within the Department of Agriculture.
The purpose of such program shall be to assist dairy farmers in the state
with investments in equipment, infrastructure and operational
upgrades. Not later than January 1, 2027, the department shall establish
the parameters of such grant program, including, but not limited to: (1)
Eligibility criteria for such dairy farmers, (2) prioritization rules for the
use of funds available to said department for such program, (3) the
establishment of maximum award amounts under such program, (4)
eligible projects that program funds can be invested toward, (5) the
application process for any grant request, and (6) definitions for the
terms "infrastructure" and "operational upgrades".
Sec. 2. Subsection (a) of section 12-217vv of the 2026 supplement to
the general statutes is repealed and the following is substituted in lieu
thereof (Effective from passage and applicable to income and taxable years
commencing on or after January 1, 2028):

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(a) As used in this section:
(1) "Eligible farmer" means a taxpayer in this state whose federal
gross income from farming for the income or taxable year is at least two-
thirds of excess federal gross income or not less than two hundred fifty
thousand dollars;
(2) "Excess federal gross income" means the amount of federal gross
income from all sources for the income or taxable year in excess of thirty
thousand dollars;
(3) "Agricultural production" has the same meaning as provided in
subdivision (63) of section 12-412;
(4) "Farm investment property" means machinery and equipment
that are acquired by purchase by an eligible farmer on or after January
1, 2026, and buildings and structural components of buildings that are
acquired, constructed, reconstructed or erected by an eligible farmer
and placed in service on or after January 1, 2026, and (A) are situated in
this state, (B) have a class life of more than four years, as described in
Section 168(e) of the Internal Revenue Code of 1986, or any subsequent
corresponding internal revenue code of the United States, as amended
from time to time, (C) are acquired by an eligible farmer from a person
other than a related person, (D) are not acquired to be leased, and are
not leased, to another person or persons during the twelve full months
following their acquisition or placement in service, and (E) will be held
and used in this state by the eligible farmer in the ordinary course of
agricultural production for not less than five full years following the
date of acquisition of such machinery and equipment or the date of
placement in service of such buildings;
(5) "Related person" means (A) a corporation, limited liability
company, partnership, association or trust controlled by the taxpayer,
(B) an individual, corporation, limited liability company, partnership,

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association or trust that is in control of the taxpayer, (C) a corporation,
limited liability company, partnership, association or trust controlled by
an individual, corporation, limited liability company, partnership,
association or trust that is in control of the taxpayer, or (D) a member of
the same controlled group as the taxpayer; and
(6) "Control" means (A) with respect to a corporation, ownership,
directly or indirectly, of stock possessing fifty per cent or more of the
total combined voting power of all classes of the stock of such
corporation entitled to vote, or (B) with respect to a trust, ownership,
directly or indirectly, of fifty per cent or more of the beneficial interest
in the principal or income of such trust. The ownership (i) of stock in a
corporation, (ii) of a capital or profits interest in a partnership or
association, or (iii) of a beneficial interest in a trust shall be determined
in accordance with the rules for constructive ownership of stock
provided in Section 267(c) of the Internal Revenue Code of 1986, or any
subsequent corresponding internal revenue code of the United States,
as amended from time to time, other than paragraph (3) of said section.
Sec. 3. (Effective from passage) (a) There is established, within the
Department of Agriculture, a Dairy Farming Sustainability Working
Group to develop long-term support recommendations for the state's
dairy industry. Such recommendations shall include, but not be limited
to: (1) Potential use and efficacy of a reimbursable tax credit program
for dairy producers, (2) use of Community Investment Act funding for
dairy sustainability, (3) processing capacity within the state, (4) use and
efficacy of prope