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 to provide certain tax credits for charitable donation of apparently wholesome food. Revenue.
AI Summary
This bill provides certain tax credits for the charitable donation of apparently wholesome food. Specifically, it amends the Massachusetts General Laws to allow individual taxpayers and business corporations to claim a 15% tax credit on the fair market value of any charitable contributions of apparently wholesome food from their trade or business. Apparently wholesome food is defined as food that meets all quality and labeling standards set by federal, state, and local laws and regulations, even if the food may not be readily marketable due to factors like appearance, age, or surplus. The bill allows any excess credit to be treated as an overpayment and refunded to the taxpayer or corporation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/H2626 |
| Bill | https://malegislature.gov/Bills/190/H2626.pdf |
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