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Committee releases three-year pilot tax credit for donated produce, members debate $100,000 cap
Summary
The committee released Assembly Bill 3899, a three-year pilot giving commercial farm operators a tax credit equal to 50% of the wholesale value of donated fruits and vegetables (capped at $5,000 per operator per tax period) and limited to $100,000 total per fiscal year; members noted the program’s funding cap is small and could be revisited.
The Commerce and Economic Development committee voted to amend and release Assembly Bill 3899, which would create a pilot program allowing commercial farm operators who donate edible fruits or vegetables to in-state charitable organizations to claim a tax credit equal to 50% of the wholesale value of the donated produce, up to $5,000 per operator during each tax period.
Under the committee’s amendments the credit would be available for the first three tax periods beginning on…
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