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NY A09329
Bill
Status
12/10/2025
Primary Sponsor
Amanda Septimo
Click for details
AI Summary
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Creates a refundable and transferable tax credit equal to 65% of the fair market value of qualified food donations made to eligible 501(c)(3) nonprofit food assistance organizations
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Covers 100% of documented transportation and storage expenses directly attributable to food donations
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Caps total credits at $75 million statewide per fiscal year, unless increased by appropriation
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Eligible taxpayers include food businesses, farmers, manufacturers, distributors, wholesalers, retailers, and any business engaged in the sale, manufacture, or distribution of food in New York
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Requires the Department of Taxation and Finance to establish an electronic reporting platform and publish annual reports on credits claimed, pounds of food diverted from waste, and estimated meals provided
Legislative Description
Enacts the "New York state food rescue tax credit act" in relation to providing a tax credit for certain businesses that donate food to eligible nonprofit food assistance organizations.
Last Action
print number 9329a
3/6/2026