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 a provision in HCS/SS/SB 143 (2023) and SCS/HCS/HB 154 (2023), and is substantially similar to HCS/HB 653 (2023) and to a provision in HCS/SS/SCS/SB 92 (2023).



No Amendments Found.