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CT HB05064

CT HB05064
An Act Establishing A Tax Credit For Food Donated By Farmers To Charitable Organizations.


summary

Introduced
02/06/2026
In Committee
02/06/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Assembly

Bill Summary

To establish a tax credit for food donated by farmers to charitable organizations.

AI Summary

This bill establishes a tax credit for farmers who donate food to charitable organizations, offering a credit of $5,000 that will be adjusted each year based on changes in the consumer price index, a common measure of inflation. This initiative aims to incentivize farmers to contribute to charitable causes by reducing their tax burden.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 02/06/2026)

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