Maryland SB935 modifies income tax by allowing a subtraction for donations to food banks and other charitable entities.

Maryland SB935 modifies the state's income tax by allowing a subtraction for donations of food or cash to certain charitable entities. The bill defines "donation" as an irrevocable gift of food or cash specifically designated for the purchase of food. "Food bank" refers to a nonprofit organization or a local government entity established to provide food at no charge to individuals in need. The subtraction applies to donations up to $1,000 per taxpayer per year, subject to certain conditions and proof of donation value.

Maryland SB935 modifies income tax by allowing a subtraction for donations to food banks and other charitable entities.

Maryland SB935 modifies the state's income tax by allowing a subtraction for donations of food or cash to certain charitable entities. The bill defines "donation" as an irrevocable gift of food or cash specifically designated for the purchase of food. "Food bank" refers to a nonprofit organization or a local government entity established to provide food at no charge to individuals in need. The subtraction applies to donations up to $1,000 per taxpayer per year, subject to certain conditions and proof of donation value.