New Jersey Assembly Bill A2382

New Jersey 2026-2027 Regular Session

• Introduced: 1/13/26
• Refer: 1/13/26

Caption

Creates pilot program to provide corporation business tax and gross income tax credits for value of certain fruit and vegetable donations made by commercial farm operators.

Impact

The implementation of A2382 is projected to enhance food security in New Jersey by incentivizing farm operators to donate surplus produce to local food banks and organizations. The pilot program is expected to reduce food waste while simultaneously supporting low-income families in accessing fresh produce. Furthermore, by establishing tax credits focused on food donations, it directly affects agricultural tax policy, promoting a culture of giving among businesses in the agriculture sector.

Summary

Assembly Bill A2382 introduces a pilot program aimed at encouraging commercial farm operators to donate fruits and vegetables to charitable organizations by providing tax credits. The bill allows a credit against corporation business tax and gross income tax calculated at 50% of the wholesale value of these donated items, capped at $5,000 per tax period, and available for the first three taxable periods starting after January 1 of the year succeeding the bill's enactment. To claim the credit, farm operators must obtain written confirmation from the receiving charitable organization detailing the specifics of the donation.

Contention

There may be discussions and debates surrounding the bill, particularly regarding its fiscal implications and administrative oversight. Questions could arise about the effectiveness of the proposed tax credits, the limit on the total amount of credits available each year, and the need to ensure that the credits are claimed properly without abuse. Additionally, some stakeholders might raise concerns regarding the fair assessment of the wholesale value of donated items and the capacity of charitable organizations to manage and distribute the increased volume of donations effectively.