Minnesota SF3924 allows farmers a tax credit for donating food to food shelves.

Minnesota SF3924 establishes a tax credit for farmers who donate food to food shelves. Farmers can claim a credit equal to 85 percent of the value of their qualifying donations. The credit cannot be used for other state income tax deductions or credits. If the credit exceeds the farmer's tax liability, the excess can be carried over to the next five taxable years. The credit is limited to 50 percent of the real property taxes paid by the farmer during the taxable year.

Minnesota SF3924 allows farmers a tax credit for donating food to food shelves.

Minnesota SF3924 establishes a tax credit for farmers who donate food to food shelves. Farmers can claim a credit equal to 85 percent of the value of their qualifying donations. The credit cannot be used for other state income tax deductions or credits. If the credit exceeds the farmer's tax liability, the excess can be carried over to the next five taxable years. The credit is limited to 50 percent of the real property taxes paid by the farmer during the taxable year.