Establishes a tax credit for food service establishment donations to food pantries, beginning with the 2027 tax year.

The bill establishes a tax credit for food service establishment donations to food pantries. The credit is equal to fifty percent of the fair market value of each qualified donation up to seven dollars per donation, not exceeding ten thousand dollars per taxable year. The bill defines "qualified donation" as a prepared meal adhering to the Dietary Guidelines for Americans, and "eligible community-based organization" as a program operating within the state that accepts or distributes prepared meals and has qualified for tax exemption under section 501(c)(3) of the Internal Revenue Code.

Establishes a tax credit for food service establishment donations to food pantries, beginning with the 2027 tax year.

The bill establishes a tax credit for food service establishment donations to food pantries. The credit is equal to fifty percent of the fair market value of each qualified donation up to seven dollars per donation, not exceeding ten thousand dollars per taxable year. The bill defines "qualified donation" as a prepared meal adhering to the Dietary Guidelines for Americans, and "eligible community-based organization" as a program operating within the state that accepts or distributes prepared meals and has qualified for tax exemption under section 501(c)(3) of the Internal Revenue Code.