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Department of Taxation and Finance

Farm donations to food pantries credit

For tax years beginning on or after January 1, 2018, you are entitled to this refundable credit if:

  • you are an eligible farmer, and
  • you or your business made a qualified donation to an eligible food pantry.

How much is the credit?

The amount of the credit is 25% of the fair market value of the qualified donations made during the tax year, not to exceed $5,000 per tax year.

Record of donation

To claim the credit, you or your business must receive and keep a receipt (letter or other written communication) from the eligible food pantry showing the following:

  • the name and EIN of the eligible food pantry,
  • the date and location of the qualified donation, and
  • a reasonably detailed description of the qualified donation.

The taxpayer must retain the receipt from the eligible food pantry as well as a means of valuing the donation applicable to the date of the donation. Acceptable means of valuation include USDA online price reports as well as local co-op pricing guidelines.

For additional information, see:

Check back to access the 2018 credit forms when they become available.

To learn about other New York State tax credits available to businesses, see Business incentives.