New York S08719 establishes a tax credit for food service establishment donations to food pantries.

New York S08719 amends the tax law to create a tax credit for food service establishment donations to food pantries. The credit is equal to fifty percent of the marketed value of each qualified donation up to six dollars per donation, starting with the 2027 tax year. A qualified donation is defined as a prepared meal adhering to the Dietary Guidelines for Americans. The credit is available to food service establishments with at least half of their federal gross income from prepared food sales.

New York S08719 establishes a tax credit for food service establishment donations to food pantries.

New York S08719 amends the tax law to create a tax credit for food service establishment donations to food pantries. The credit is equal to fifty percent of the marketed value of each qualified donation up to six dollars per donation, starting with the 2027 tax year. A qualified donation is defined as a prepared meal adhering to the Dietary Guidelines for Americans. The credit is available to food service establishments with at least half of their federal gross income from prepared food sales.