The proposed bill, General Assembly Proposed Bill No. 5064, aims to establish a tax credit for farmers who donate food to charitable organizations. Specifically, the bill introduces a new provision that grants a tax credit of five thousand dollars for such donations, with the amount adjusted annually based on changes in the consumer price index. This initiative is designed to encourage food donations from farmers, thereby supporting charitable organizations and addressing food insecurity.

The bill does not include any deletions from current law, focusing solely on the insertion of the new tax credit provision. By providing financial incentives for food donations, the legislation seeks to promote community support and enhance the role of farmers in contributing to charitable efforts.