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Sponsors
Senator · Senate District 61
History
- Print number 3603b
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Print number 3603a
- Amend and recommit to finance
- Reported and committed to finance
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Establishes a tax credit for farmers who make food donations to food banks or other public, charitable or not-for-profit emergency food programs
In Senate Committee · Rules · Sponsor Margaret Markey
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing a credit for farmers who donate to a food bank or other emergency food program
Purpose or general idea of bill
This bill allows farmers to claim a tax credit for food donations made to a food bank or other emergency food programs for 25% of the farmer's qualified donations. Food donations must be made to food banks or other emergency food programs operating within this state.
Summary of specific provisions
Section 1 - Section 606 of the Tax Law is amended by adding a new subsection (n-2).
Section 2 - amends Tax law 612(b) to provide that donations that qualify for a credit cannot be used for a deduction.
Section 3 - Effective date.
Justification
Farmers should be rewarded for providing needed food to food pantries and food banks instead of it going to waste. This bill would also encourage more farmers to donate their excess fruits and vegetables creating a greater food supply at emergency food programs.
Prior legislative history
2012: S.6752/A.7278 -- FINANCE/Ways & Means 2013-14: S.2768/A.8986/A.9164 - INVESTIGATIONS/Ways & Means 2015: S.3603-A/A.1812-A - FINANCE/Ways & Means
Fiscal implications
To be determined.
Effective date
This act shall take effect n the first of January next succeeding the date on which it shall have become a law and shall apply to taxable years beginning on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.