Bill > A09055

This bill establishes a tax credit for food service establishments that donate prepared meals to eligible food pantries, beginning in the 2027 tax year. Specifically, the bill allows food service establishments (defined as businesses where at least half of their gross income comes from prepared food sales) to claim a tax credit equal to 50% of the marketed value of their donations, up to $6 per donation and not exceeding $10,000 total per tax year. To qualify, the donations must be prepared meals that meet the Dietary Guidelines for Americans and cannot be exchanged for money, property, or services. The food pantry receiving the donation must be a 501(c)(3) organization operating in New York. To claim the credit, businesses must obtain and keep a receipt from the food pantry detailing the donation, including the organization's name, date and location of the donation, and a description of the donated meals. While the credit can reduce a business's tax liability, it cannot reduce taxes below a certain minimum amount, and any excess credit can be carried forward or refunded without interest.

Budget and Finance

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