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NY S09193

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Michelle Hinchey

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Increases the tax credit percentage for farmers donating to food pantries from 25% to 50% of fair market value of qualified donations
  • Doubles the maximum annual credit from $5,000 to $10,000 per taxable year for eligible farmers
  • Applies the same $10,000 cap at the entity level for partnerships and S corporations, limiting the aggregate credit across all partners or shareholders
  • Takes effect for taxable years beginning on and after January 1, 2028
  • Amends both the general business corporation tax (Section 210-B) and personal income tax (Section 606) provisions

Legislative Description

Increases tax credits for donations to food pantries made by farmers by increasing the allowable percentage of the fair market value of such donations and increasing the maximum amount of such credit.

Last Action

REFERRED TO BUDGET AND REVENUE

2/12/2026

Committee Referrals

Budget and Revenue2/12/2026

Full Bill Text

No bill text available