Bill > A09055

This bill establishes a tax credit for food service establishments that donate prepared meals to eligible community-based organizations (501(c)(3) nonprofits) in New York State, beginning with the 2027 tax year. The tax credit allows food service establishments to claim 50% of the market value of their qualified donations, up to $7 per donation and not exceeding $10,000 total per tax year. To qualify, a food service establishment must derive at least half its federal gross income from prepared food sales, and the donated meals must meet the most recent Dietary Guidelines for Americans. Donations cannot be exchanged for money, property, or services, and taxpayers must obtain and maintain a receipt from the receiving organization documenting the donation's details. The bill also includes provisions allowing New York City (with over 1 million inhabitants) to adopt similar local tax credit rules. Taxpayers can carry forward any unused credit amount, and the credit is designed to incentivize food businesses to donate excess prepared meals to local food pantries, potentially reducing food waste and supporting community nutrition efforts.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A9055