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Committee advances four tax-credit renewals, adopts amendment to crop-donation credit; bills referred to Joint Committee on Tax Expenditures
Summary
In a work session the Senate Committee on Finance and Revenue adopted an amendment increasing the crop-donation tax credit from 15% to 25% and voted to forward four credits and a study bill to the Joint Committee on Tax Expenditures with due-pass recommendations or without recommendation for the study vehicle.
The Senate Committee on Finance and Revenue held work sessions April 14 and moved several tax-credit items to the Joint Committee on Tax Expenditures.
Senate Bill 108 (crop donation tax credit): the committee adopted the -1 amendment, which extends the standard six‑year sunset and increases the credit for growers from 15% to 25% of the wholesale market price for donated crops. Vice Chair McLean moved the amendment and the committee adopted it by voice and then moved the amended bill to the floor with a "do pass" recommendation and subsequent referral to the Joint Committee on Tax Expenditures. Senator Patterson voiced support citing food‑bank demand; Senator Starr declared a potential conflict of interest, noting his family farm periodically donates to food banks.…
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