Bill > A09329

This bill establishes the New York State Food Rescue Tax Credit Act, which creates a tax incentive for businesses to donate surplus food to nonprofit organizations that help feed people in need. The bill allows eligible businesses like farmers, manufacturers, distributors, and retailers to claim a tax credit equal to 65% of the fair market value of food donations and 100% of related transportation and storage expenses. Eligible donations must be wholesome, edible food that complies with food safety laws and is accepted by a qualified nonprofit food assistance organization. The tax credit is refundable, meaning businesses can receive the full credit even if it exceeds their tax liability, and it can also be transferred to other eligible taxpayers. The total statewide credits are capped at $75 million per fiscal year, and the Department of Taxation and Finance will be required to create an electronic reporting platform, publish annual reports on the program's impact, and develop an outreach program to inform businesses about the credit. The legislation aims to address food waste, which currently amounts to over four million tons annually in New York, while simultaneously helping to reduce food insecurity, which affects more than 11% of households in the state.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A9329