What's happening
This bill creates a tax credit for New York farmers who sell fruits and vegetables to food pantries and soup kitchens.
Why it matters
Incentivizes local food donations. By offering a tax credit equal to 50% of revenue from sales to food pantries and soup kitchens, the bill encourages New York farmers to prioritize selling their produce to organizations serving food-insecure populations.
Direct support for fresh, local produce in hunger relief. This tax credit could increase the availability of fresh fruits and vegetables at food pantries and soup kitchens, improving nutrition options for low-income New Yorkers.
Immediate, annual-only benefit. The tax credit cannot be carried forward to future years, pressing farmers to use the benefit within the year they make the qualifying sales and potentially prompting more regular or sustained partnerships with hunger relief organizations.
Accountability and documentation. Farmers must provide sales receipts to claim the credit, which may help ensure transparency and accurate use of the program, but could also add a layer of paperwork for participating farmers.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Tax Credit for Food Donations
Plain English, a few words. Used as the page title.
Sponsors
History
- Referred to ways and means
- Referred to ways and means
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.
Tax Credit for Farm Food Donations
In Senate Committee · Budget And Revenue · Sponsor Leroy Comrie
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4483
2019-2020 Regular Sessions
IN ASSEMBLY
February 4, 2019
Introduced by M. of A. HYNDMAN, BRAUNSTEIN, WALKER, HUNTER -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to creating a vending to food pantries and soup kitchens tax credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 210-B of the tax law is amended by adding a new subdivision 28 to read as follows:
28. Vending to food pantry and soup kitchen tax credit. (a) Taxpayers who operate farms in the state of New York and sell fruits and vegetables grown in New York to food pantries and soup kitchens may claim the vending to food pantry and soup kitchen tax credit against the tax imposed by this article at the close of the tax year provided, however, that the unused portion of any tax credit claimed shall not be carried forward and applied to another tax year.
(b) The amount of the credit shall be fifty percent of the revenue earned by the farmer from the sale of fruits and vegetables grown in New York to food pantries and soup kitchens.
(c) Taxpayers claiming the vending to food pantry and soup kitchen tax credit shall submit copies of the sales receipts with tax returns that claim a tax credit.
§ 2. Section 606 of the tax law is amended by adding a new subsection (jjj) to read as follows:
(jjj) Vending to food pantry and soup kitchen tax credit. (1) A taxpayer shall be allowed a credit against the tax imposed by this article for revenue earned by vending fruits and vegetables grown in New York to food pantries and soup kitchens, to be computed as provided in paragraph two of this subsection.
(2) The amount of credit shall be fifty percent of the revenue earned by the farmer from the sale of fruits and vegetables grown in New York to food pantries and soup kitchens. In no event shall the credit
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06201-01-9
A. 4483 2
provided in this subsection be allowed in excess of the taxpayer's tax for such year.
§ 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliv) to read as follows: (xliv) Vending to food pantry Amount of credit under subdivision and soup kitchen tax credit twenty-eight of section two under subsection (jjj) hundred ten-B
§ 4. This act shall take effect immediately; provided, however, that the credits established by sections one, two and three of this act shall apply to taxable years beginning on or after January 1, 2020.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.