New York State Food Rescue Tax Credit Act provides a tax credit for businesses donating food to eligible nonprofits.
The New York State Food Rescue Tax Credit Act establishes a tax credit for businesses donating surplus food to eligible nonprofit food assistance organizations. The credit covers 65% of the fair market value of donated food and all transportation and storage expenses. Eligible businesses include food manufacturers, distributors, and retailers. The act also mandates the creation of a standardized electronic reporting platform, a statewide food rescue training program, and a data dashboard to track food rescue metrics.
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