Enacts the "New York state food rescue tax credit act"

Summary

The bill sets up a state tax credit to encourage businesses to donate surplus, safe food to qualified nonprofits. Eligible donors can claim 65% of the food’s fair market value plus 100% of documented transportation and storage costs, and the credit can be refunded or transferred. The credit is capped at $75 million statewide and $1.5 million per taxpayer.

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