SB0416 (CH0232)

Find a 2017 Bill:

2017 Regular Session



Income Tax Credit - Qualified Farms - Food Donation Pilot Program

Sponsored by:

Senator Middleton


Approved by the Governor - Chapter 232

Synopsis:Allowing a qualified farm a credit, for tax years 2017 through 2019, of up to $5,000 against the State income tax; providing that the credit is equal to 50% of the value of an eligible food donation or 75% of the value of donated certified organic produce; providing that the total amount of tax credit certificates issued may not exceed $250,000 per fiscal year; requiring the Secretary, in consultation with the Comptroller, to report to the Governor and the General Assembly on specified matters by January 1 of specified years; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Middleton, Madaleno, Peters, Kasemeyer, Currie, DeGrange, Eckardt, Edwards, Ferguson, Guzzone, King, Manno, McFadden, and Serafini
Additional Facts:Cross-filed with: HB0472
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Agriculture, Department of
Agriculture -see also- Farmland
Anne Arundel County
Calvert County
Charles County
Food -see also- Kosher; Meat, Poultry, Seafood; Milk
Income Tax
Montgomery County
Prince George's County
Rules and Regulations
St. Mary's County
Tax Credits
Statutes:Article - Tax - General

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Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:10 P.M.