SB 353
Income tax: credits: food banks.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill extends a California tax credit available to individuals and businesses who donate fresh fruits, vegetables, and certain other food items to food banks. The credit allows taxpayers to deduct 15% of the donated item’s value from their income tax liability. The bill also extends reporting requirements for the Franchise Tax Board regarding the utilization of this credit, ensuring ongoing oversight and data collection.
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