Skip universal navigation
Skip to main content

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.

 

Updated: