Establishes a tax credit for food donated by farmers to charitable organizations.
The bill establishes a tax credit of five thousand dollars, adjusted annually based on changes in the consumer price index, for food donated by farmers to charitable organizations. This tax credit aims to incentivize farmers to donate surplus food, thereby reducing food waste and supporting charitable organizations in their efforts to feed those in need.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.