Income taxation: credits: voluntary contributions: food bank donations.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill extends existing California tax credits for food bank donations. Specifically, it allows taxpayers to claim a 15% credit on the value of donated fresh fruits, vegetables, and certain processed foods, and extends the reporting requirements related to these credits. It also extends the authorization for the Emergency Food for Families Voluntary Tax Contribution Fund, providing continued support for this program.
Key provisions
- Extends the 15% tax credit for qualified food bank donations of fresh fruits, vegetables, and specified raw agricultural products or processed foods.
- Extends the reporting requirements related to the food bank donation tax credit until January 1, 2031.
- Extends the authorization for the Emergency Food for Families Voluntary Tax Contribution Fund until January 1, 2037.
- Includes a nonsubstantive change to reflect existing law regarding the fund.
- Makes an appropriation to support the extended programs.
- Defines ‘qualified donation item’ with a detailed list of eligible food products.
- Specifies how ‘qualified value’ is calculated, using wholesale prices or regional market prices.
- Clarifies who qualifies as a ‘qualified taxpayer’ for the credit.
Who is affected
- Taxpayers
- Food banks
- Farmers
- Low-income households
- California residents
Notable changes
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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