New Jersey A4759 provides a deduction in cash rent for commercial farm operators who donate food and farm equipment to food banks or food pantries.

New Jersey A4759 allows commercial farm operators who lease State-owned land for agricultural purposes to receive a deduction in cash rent for donations of perishable food, prepared food, or eligible farm equipment to food banks or food pantries. The deduction is equal to 50 percent of the wholesale value of the donated food or 50 percent of the value at the point of sale of the donated equipment. To claim this deduction, the commercial farm operator must obtain a written statement from the food bank or food pantry substantiating each donation.

New Jersey A4759 provides a deduction in cash rent for commercial farm operators who donate food and farm equipment to food banks or food pantries.

New Jersey A4759 allows commercial farm operators who lease State-owned land for agricultural purposes to receive a deduction in cash rent for donations of perishable food, prepared food, or eligible farm equipment to food banks or food pantries. The deduction is equal to 50 percent of the wholesale value of the donated food or 50 percent of the value at the point of sale of the donated equipment. To claim this deduction, the commercial farm operator must obtain a written statement from the food bank or food pantry substantiating each donation.