AN ACT RELATING TO TAXATION -- TAX CREDIT FOR FOOD DONATION

This bill establishes a new tax credit for individuals and businesses that donate safe, edible food to qualified nonprofit organizations. Starting in 2025, donors can claim a credit equal to 75% of the food's fair market value, up to a maximum of $5,000 per year, while those who arrange transportation for the donation may also receive a 50% credit on those costs. To qualify, the donated food must be fit for human consumption, and the receiving nonprofit must use it to provide meals for people in need. The legislation requires nonprofits to issue certificates confirming the donation details and the intended use of the food, and it mandates annual reporting to the state legislature on how the credit is utilized.