Gov. Andrew Cuomo recently announced that effective Jan. 1 New York farmers can receive a tax credit for donations made to food banks and other emergency food programs.
The credit is equal to 25 percent of the fair market value of donations of up to $5,000. This includes fresh fruits and vegetables. Farmers must obtain a receipt of the donation.
State officials say the credit is expected to save farmers a total of $10 million annually. Farmers across the state donated more than 9 million pounds of food last year, which helped provide meals to more than 7 million New Yorkers, according to the New York Farm Bureau.
This tax credit was a recommendation of the governor’s Anti-Hunger Task Force.
"This administration is committed to stomping out hunger in every corner of New York, and by establishing an incentive to increase access to farm-fresh products, we are one step closer to this goal," Cuomo said in a news release "Refunding farmers for their generous food donations not only supports the state's agricultural economy, but encourages more New Yorkers to help end hunger in our communities once and for all."