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2017 SESSION

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SB 1361 Food donation; tax credit for restaurants that donate prepared food or meals.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Food donation tax credit. Allows restaurants that donate prepared food or meals to a nonprofit food bank to claim the food donation tax credit. Under current law, only farmers that donate food crops to a nonprofit food bank are eligible for the credit. Current law allows a maximum of $5,000 in credits to be issued per taxpayer per year and an aggregate maximum of $250,000 in credits to be issued by the Tax Commissioner per fiscal year.


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