summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the charitable donation of wholesome food. Revenue.
AI Summary
This bill provides a tax credit for businesses and individuals who donate apparently wholesome food to charitable organizations. The credit is equal to 15% of the fair market value of the donated food. The bill defines "apparently wholesome food" as food that meets all quality and labeling standards, even if the food may not be readily marketable due to factors like appearance, age, or surplus. The credit is available for both state income tax and corporate excise tax, and any excess credit amount will be paid to the taxpayer as an overpayment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see S2497 (on 04/30/2018)
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://malegislature.gov/Bills/190/S1495 |
| Bill | https://malegislature.gov/Bills/190/S1495.pdf |
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