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House committee hears farmers, LRO on six-year extension of crop-donation tax credit
Summary
The House Committee on Revenue received background from the Legislative Revenue Office and testimony from farmers supporting a six-year sunset extension of the crop-donation tax credit (House Bill 2,097). LRO staff described how the credit works, who it targets and estimated fiscal effects; growers described operational costs of donating produce.
The House Committee on Revenue opened a public hearing Tuesday on House Bill 2,097, a six‑year sunset extension of the crop‑donation tax credit that provides growers a credit equal to 15% of the donated crop’s wholesale market value.
The bill would extend without policy changes an existing nonrefundable income tax credit intended to encourage producers to donate food to charities that serve people experiencing hunger. Kyle Easton of the Legislative Revenue Office told the committee the credit offsets collection, transportation and storage costs and is claimed by crop growers who donate food to qualifying nonprofit food banks or other charitable organizations.
The Legislative Revenue Office added that the credit is nonrefundable, may be carried forward (three‑year carryforward…
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