Legislation
- Title
- Income Tax Credit - Qualified Farms - Food Donation Pilot Program
- Sponsored by
- Senators Middleton, Madaleno, Peters, Kasemeyer, Currie, DeGrange, Eckardt, Edwards, Ferguson, Guzzone, King, Manno, McFadden, and Serafini
- Status
- Approved by the Governor - Chapter 232
- Analysis
- Fiscal and Policy Note
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.
Committees
- Opposite:
- Ways and Means Click to view Recorded Media
Details
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Last Updated: 2/3/2020 2:34 PM