DIGEST OF INTRODUCED BILL
New generation tax credit. Provides that the commission for agricultural and rural development may certify taxpayers that invest in certain agricultural businesses as producer members. Provides that a producer member is eligible for a tax credit equal to the lesser of: (1) 50% of the producer member's investment; or (2) $15,000. Limits the annual amount of credits available to certain capital projects. Requires the department of state revenue to determine a method to allocate credits among producer members.