NC S785

Creates an income tax credit for agricultural producers who donate crops to nonprofit organizations during a declared state of emergency or disaster.

Allows a credit equal to 50% of the market price of gleaned crops, capped at $15,000 per year or the taxpayer's total tax liability, whichever is less.

Requires taxpayers to add the market price of donated crops to adjusted gross income to claim the credit, with unused portions carried forward for up to five years.

Defines "state of disaster" to include gubernatorial or legislative emergency declarations, presidential major disaster declarations, or local emergency declarations under the Robert T. Stafford Act.

Applies to taxable years beginning on or after January 1, 2020.