Bill
Bill > A10131
NY A10131
NY A10131Increases tax credits for donations to food pantries made by farmers by increasing the allowable percentage of the fair market value of such donations and increasing the maximum amount of such credit.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/02/2026
02/02/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to increasing tax credits for donations to food pantries by farmers
AI Summary
This bill increases tax credits for farmers who donate to food pantries by doubling the percentage of the donation's fair market value that can be claimed as a credit from 25% to 50%, and also doubles the maximum credit amount a farmer can receive annually from $5,000 to $10,000. These changes apply to taxable years beginning on or after January 1, 2028, and the bill clarifies that if a farmer is part of a partnership or an S corporation, the $10,000 cap applies to the entire entity, not each individual partner or shareholder. The bill also specifies that these enhanced credits are for "qualified donations" made to "eligible food pantries" by "eligible farmers," terms that are defined within the broader tax law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 02/02/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A10131 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10131&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10131 |
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