NJ S2200

Creates a three-year pilot program providing tax credits against corporation business tax and gross income tax for commercial farm operators who donate fruits or vegetables fit for human consumption to New Jersey charitable organizations

Tax credit equals 50% of the wholesale value of donated produce, capped at $5,000 per farm operator per year, with total program credits limited to $100,000 annually across all participants

Wholesale value is determined using quantity-weighted average wholesale sales prices from the farm operator's sales or, if unavailable, average prices from the nearest terminal market using USDA Agricultural Marketing Service data

Charitable organizations must provide written statements documenting donations, and the Secretary of Agriculture must establish monthly wholesale values and approve submissions before the Division of Taxation issues credits

Requires annual reports on program utilization including number of participants, credit amounts claimed, geographic distribution, and recommendations on whether to continue the program and potentially increase the credit percentage