Plain English Breakdown
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HF3386 • 2026
Tax credit established for farmers who donate food to a food shelf.
Tax credit established for farmers who donate food to a food shelf.
Taxes
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2026-03-12
House
Author added Zeleznikar
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2026-02-17
House
Introduction and first reading, referred to Taxes
Official Summary Text
Tax credit established for farmers who donate food to a food shelf.
Current Bill Text
Read the full stored bill text
A bill for an act relating to taxation; income and corporate franchise; establishing a credit for farmers who donate food to a food shelf; proposing coding for new law in Minnesota Statutes, chapter 290. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. new text begin [290.0651] CREDIT FOR FARMERS MAKING DONATIONS OF FOOD. new text end new text begin Subdivision 1. new text end new text begin Definitions. new text end new text begin (a) For the purposes of this section, the following terms have the meanings given. new text end new text begin (b) "Farmer" means a taxpayer engaged in the business of farming, as defined in Code of Federal Regulations, title 26, section 1.175-3, and who is eligible to own farmland under section 500.24. new text end new text begin (c) "Food shelf" means an organization that meets the requirement to be considered a food shelf under section 124D.1191. new text end new text begin (d) "Qualifying donation" means an in-kind charitable donation of food produced by the farmer that is eligible for the deduction under section 170 of the Internal Revenue Code. new text end new text begin Subd. 2. new text end new text begin Credit allowed. new text end new text begin (a) A farmer is allowed a credit against the tax imposed under this chapter equal to 85 percent of qualifying donations to a food shelf. new text end new text begin (b) For the purposes of determining the monetary value of a qualifying donation, the rules for determining the monetary value of a charitable contribution under section 170 of the Internal Revenue Code apply. new text end new text begin Subd. 3. new text end new text begin Credit limitation. new text end new text begin The credit under this section is limited to 50 percent of the real property taxes paid by the taxpayer during the taxable year. new text end new text begin Subd. 4. new text end new text begin Denial of double benefit. new text end new text begin The qualifying donation used to calculate the credit under this section may not be used to calculate any other state income tax deduction or credit allowed by law. new text end new text begin Subd. 5. new text end new text begin Credit nonrefundable; carryover. new text end new text begin If the amount of the credit allowed under this section for any taxable year exceeds the taxpayer's liability for tax under this chapter, the excess is a credit carryover to each of the five succeeding taxable years. The entire amount of the excess unused credit for the taxable year must be carried first to the earliest of the taxable years to which the credit may be carried and then to each successive year to which the credit may be carried. The amount of the unused credit that may be added under this subdivision must not exceed the taxpayer's liability for tax less the credit for the taxable year. new text end new text begin Subd. 6. new text end new text begin Partnerships; multiple owners. new text end new text begin Credits granted or transferred to a partnership, a limited liability company taxed as a partnership, an S corporation, or multiple owners of property are passed through to the partners, members, shareholders, or owners, respectively, pro rata to each partner, member, shareholder, or owner based on their share of the entity's assets or as specially allocated in their organizational documents or any other executed agreement, as of the last day of the taxable year. new text end new text begin Subd. 7. new text end new text begin Nonresidents; part-year residents. new text end new text begin For a nonresident or a part-year resident, the credit under this section must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e). new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective for taxable years beginning after December 31, 2025. new text end