Tax credits to farms for donating produce to local food banks has been vetoed
The legislation, A10584, was supported by interest groups, namely the Hunger Action Network of New York State and the New York Farm Bureau. Farmers filing under the personal income tax or corporation franchise tax would be eligible for a tax credit equal up to 25 percent of the value of food donated to a food bank.
The state Assembly and Senate passed the bill by votes of 139-0 and 62-0, respectively.
“While the bill refers to accepted wholesale prices, the age, quality and quantity of the donated food will vary, as will the market for such food, thus making it extremely difficult to establish an enforceable and verifiable wholesale value in regulation,” Cuomo wrote in his veto message.
“This uncertainty would harm all parties, as the state would have no method to audit a farmer’s valuation and the farmer would have no basis upon […]