As of January 1, 2018, New York farmers are eligible to receive a tax credit for qualifying food donations made to food banks and other emergency food programs. The tax credit, a refundable credit equal to 25% of the fair market value of qualified donations up to $5,000, is expected to save farmers a total of $10 million annually. Eligible donations include fresh fruits and vegetables grown or produced in New York State and provided to emergency food programs that qualify for tax-exempt status.
More Breaking News« Electronic Lamb-Grading System Receives USDA Approval :: USDA Announces Funding for RCPP Projects »
No Comments for this post yet...