Combat Hunger by Creating a Tax Credit of 10 Percent of Wholesale Market Prices up to $5,000 Annually for Businesses Engaged in Food Production for Donations of Food to Tax-exempt Organizations
|Sponsor:||Representative Tiffany Roberts, House 6|
|Bill #:||LD 262|
UPDATE: The committee amended the bill and passed it. Next stop is House.
Representative Roberts of South Berwick would provide an income tax credit for persons engaged in commercial agricultural production, commercial aquacultural production or commercial fishing for donations to a food bank, food kitchen or other tax-exempt organization that provides food to low-income individuals without charging a fee for the food or requiring any other type of compensation from the low-income individuals. The credit is equal to 10% of the wholesale market price of the donated products up to a maximum of $5,000.