Act 65 of 2019 (SB 478) of the Pennsylvania General Assembly established the Beginning Farmer Tax Credit in July 2019.

With this tax credit, an owner of agricultural assets may take a tax credit against tax due for the sale or rental of agricultural assets to a beginning farmer equal to 5% of the lesser of the sale price or the fair market value of the agricultural asset (up to $32,000), or 10% of the gross rental income in each of the first, second, and third years of a rental agreement (up to $7,000 per year).