LINCOLN- A Nebraska State Senator has introduced a bill to foster financial assistance for black farmers through the implementation of tax credits. State Senator Carol Blood introduced the Nebraska Farmers of Color Opportunity Act in the Legislature. LB825 encourages individuals and entities to contribute to organizations supporting black agricultural producers.

These contributions would enable taxpayers to claim tax credits against their state income tax liabilities. The bill introduces a certification process for organizations intending to provide tax-credit-supported grants to eligible farmers. Sen. Blood introduced it on the very first day of bill introduction in this year's session which kicked off this week.

Blood emphasized in the legislation that “it is in the best interests of the State of Nebraska and its citizens to encourage individuals and businesses to support organizations that financially assist black agricultural producers in this state; and such encouragement can be accomplished through the use of tax credits.”

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