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MD HB584

MD HB584
Income Tax Credit - Food Donations by Qualified Farms - Sunset Repeal and Alterations (Farmers Feeding Families Act)


summary

Introduced
02/03/2023
In Committee
04/07/2023
Crossed Over
03/16/2023
Passed
04/08/2023
Dead
Signed/Enacted/Adopted
05/08/2023

Introduced Session

2023 Regular Session

Bill Summary

AN ACT concerning Income Tax Credit - Food Donations by Qualified Farms - Extension Sunset Repeal and Alterations (Farmers Feeding Families Act) FOR the purpose of extending repealing certain termination provisions for a certain credit against the State income tax for certain food donations; altering the amounts of the tax credit that a qualified farm is eligible to receive under certain circumstances; and generally relating to a State income tax credit for certain food donations. BY repealing and reenacting, with amendments, Article - Tax - General Section 10-745 Annotated Code of Maryland (2022 Replacement Volume)

AI Summary

This bill, the Farmers Feeding Families Act, extends and modifies a state income tax credit for qualified farms that donate eligible food donations, including certified organic produce, to tax credit certificate administrators. The bill increases the tax credit percentage from 50% to 100% of the value of the donation, removes the previous sunset provision, and requires the Department of Agriculture to continue funding the marketing and facilitation of the program. The bill also specifies the process for issuing tax credit certificates and reporting on the use and impact of the tax credit.

Committee Categories

Budget and Finance

Sponsors (25)

Last Action

Approved by the Governor - Chapter 454 (on 05/08/2023)

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