Code of Massachusetts Regulations
330 CMR - DEPARTMENT OF AGRICULTURAL RESOURCES
Title 330 CMR 29.00 - DAIRY FARMER TAX CREDIT PROGRAM
Section 29.02 - Definitions

As used in 330 CMR 29.00:

Annual Milk Production. The sum of the monthly milk production reported by an Eligible Taxpayer for the calendar year.

Certificate of Registration. The certificate of registration issued by the Commissioner pursuant to M.G.L. c. 94, § 16A.

Commissioner. The Commissioner of the Department of Agricultural Resources.

Dairy Farmer Tax Credit. An amount calculated by multiplying the Dairy Farmer Tax Credit Rate by the number of hundredweights of the Annual Milk Production of an Eligible Taxpayer as reported under 330 CMR 29.03.

Dairy Farmer Tax Credit Rate. A value calculated by dividing the Total Tax Credit by the number of hundredweights of milk in the Total Milk Production.

Eligible Taxpayer. A taxpayer or domestic or foreign corporation that holds a Certificate of Registration.

Farm Price. The farm price of milk as calculated in 330 CMR 29.05(3).

Northeast Federal Milk Marketing Order. 7 CFR 1001.

Northeast Marketing Area. The area established by the Northeast Federal Milk Marketing Order pursuant to 7 CFR 1001 which is the United States Federal Milk Marketing Order for the applicable market as required by M.G.L. c. 62, § 6(o)(1).

Program. The Dairy Farmer Tax Credit Program.

Statistical Uniform Price. The Statistical Uniform Price at 3.5% Butterfat as announced monthly by the Northeast Federal Milk Marketing Order for the Northeast Marketing Area.

Total Cumulative Value of Credits. The total cumulative value of authorized credits as provided in M.G.L. c. 62, § 6(o)(3) and M.G.L. c. 63, § 38Z.

Total Milk Production. The sum of all the Annual Milk Production of all Eligible Taxpayers.

Total Tax Credit. A value obtained by multiplying the Trigger Percent by the Total Cumulative Value of Credits, not to exceed $6 million.

Trigger Percent. The number of months for which the Farm Price is less than or equal to the Trigger Price divided by 12.

Trigger Price. The price established by the Commissioner for the purpose of calculating the tax credit pursuant to 330 CMR 29.05(2).

UMass. The University of Massachusetts.