MI HB5373

Establishes a tax credit for qualified taxpayers who donate edible agricultural products to hunger-relief charitable organizations located in Michigan, effective for tax years beginning January 1, 2018.

Credit amount equals 50% of the aggregate value of donated edible agricultural products or $3,000, whichever is less.

Qualified taxpayers must file a federal Schedule F with their Form 1040 for the same tax year in which the credit is claimed.

Donated products must be valued based on either previous sale prices for comparable products or fair market value determined by regional produce auction prices or USDA prices for meat, fish, and dairy products.

Hunger-relief organizations must provide donors with a signed statement documenting product type, quantity, donor information, organization details, and estimated product value; excess credits cannot be refunded.