Credit for farmers who donate food to a food shelf establishment
An Act Establishing A Tax Credit For Food Donated By Farmers To Charitable Organizations.
Income tax; credit for donation to food banks.
Relating to income tax; to provide a credit for donation of certain food items
Authorizes voluntary donation of expired food or food waste to farmers; authorizes donations if farmer waives liability.
Income taxation: credits: voluntary contributions: food bank donations.
Establishes a tax credit for food service establishment donations to food pantries, in the amount of fifty percent of the marketed value of each of the taxpayer's qualified donations up to six dollars per qualified donation, beginning with the 2027 tax year.
Establishes a tax credit for food service establishment donations to food pantries, in the amount of fifty percent of the marketed value of each of the taxpayer's qualified donations up to six dollars per qualified donation, beginning with the 2027 tax year.
Modifies provisions related to the "Donated Food" food pantry tax credit
Modifies provisions related to the "Donated Food" food pantry tax credit