Bill > HB2732

This bill increases the tax credit for crop donations from 15% to 25% of the crop's wholesale market price for agricultural growers who donate crops to qualified organizations that distribute food to children, homeless, unemployed, elderly, or low-income individuals. The tax credit can be carried forward and used for up to three consecutive tax years if not fully utilized in the original tax year. Specifically, the bill modifies Oregon Revised Statutes (ORS) 315.156 to raise the percentage of crop value allowed as a tax credit and extends the period for claiming this credit from January 1, 2026, to January 1, 2032. The changes will apply to tax years beginning on or after January 1, 2025, and the bill will take effect 91 days after the 2025 regular legislative session adjourns. This legislation aims to incentivize crop donations by providing a more substantial tax benefit to agricultural producers who contribute to addressing food insecurity in their communities.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2732