Increases, for purposes of the income and corporate excise tax credit allowed for crop donation, the percentage of wholesale price allowed as amount of credit and extends the sunset.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-04-15 Senate
Recommendation: Do pass with amendments and be referred to Tax Expenditures by prior reference. (Printed A-Eng.)
2025-04-15 Senate
Referred to Tax Expenditures by prior reference.
2025-04-14 Senate
Work Session held.
2025-03-12 Senate
Public Hearing held.
2025-01-17 Senate
Referred to Finance and Revenue, then Tax Expenditures.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

<b>Digest: The Act changes the tax credit for crop gifts by raising the percentage of crop value allowed and extending the sunset. (Flesch Readability Score: 60.6).</b>
[<i>Digest: The Act extends the sunset for the tax credit for crop donation. (Flesch Readability Score: 74.8).</i>]
[<i>Extends the sunset for the income and corporate excise tax credit for crop donation.</i>]
<b>Increases, for purposes of the income and corporate excise tax credit allowed for crop donation, the percentage of wholesale price allowed as amount of credit and extends the sunset.
<b>Applies to tax years beginning on or after January 1, 2025.
<b>Takes effect on the 91st day following adjournment sine die.</b>
Relating to: Relating to tax credits for crop donation; prescribing an effective date.
Current location: In Senate Committee