Bill > A03473

This bill creates a tax credit for New York farmers who sell locally grown fruits and vegetables to food pantries and soup kitchens, designed to incentivize food donations and support local agriculture. Specifically, farmers can claim a tax credit equal to 50% of the revenue earned from selling New York-grown produce to qualifying food assistance organizations, with the credit to be applied against their state tax liability. To claim the credit, farmers must submit sales receipts with their tax returns, and the credit cannot be carried forward to future tax years or exceed the taxpayer's tax liability for that year. The tax credit will become available for taxable years beginning on or after January 1, 2026, providing farmers with a financial incentive to contribute fresh, locally grown produce to organizations that help feed communities in need.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3473