PA HB1992

Creates a tax credit for Pennsylvania farmers who donate surplus crops or livestock products to food banks enrolled in the Pennsylvania Agricultural Surplus System, with the credit equal to the lesser of 100% of the sale price, fair market value, or $20,000 per taxable year

Caps total program allocation at $5,000,000 annually, distributed on a first-come, first-served basis beginning January 1 of each year

Requires Department of Community and Economic Development to administer the program in consultation with the Departments of Revenue and Agriculture, with applicants needing written acknowledgment from the receiving food bank

Prohibits the tax credit from being sold, assigned, refunded, or carried back, but allows a one-year carry-forward for unused credits

Applies to taxable years beginning after December 31, 2025, expires for taxable years beginning after December 31, 2035, and requires a program report to the General Assembly by February 1, 2030