SB 488
Modifies provisions relating to a tax credit for donations to food pantries
LR Number:
Last Action:
3/23/2023 - Second Read and Referred S Economic Development and Tax Policy Committee
Journal Page:
Effective Date:
August 28, 2023

Current Bill Summary

SB 488 - Current law authorizes tax credits for donations made to local food pantries, local soup kitchens, and local homeless shelters, with such tax credits limited to annual authorizations of $1.75 million. This act increases the maximum amount of annual authorizations to $2.75 million.

Additionally, such tax credits are scheduled to sunset on December 31, 2026. This act extends the sunset date to December 31, 2027.

This act is identical to HB 653 (2023).



No Amendments Found.