CA SB353

Extends the existing 15% tax credit for donations of fresh fruits, vegetables, and other qualified food items to California food banks from the current expiration date of January 1, 2027 to January 1, 2032

Qualified taxpayers eligible for the credit include farmers, growers, harvesters, packers, and processors of food items, but not retailers

Extends the Franchise Tax Board's annual reporting requirement on credit utilization from December 1, 2026 to December 1, 2035

Eligible donation items include fresh produce, meat, poultry, eggs, fish, dairy products, rice, beans, canned goods, infant formula, bread, pasta, and cooking oils

Takes effect immediately as a tax levy; the credit sections will be repealed as of December 1, 2035