Digest: The Act changes the tax credit for crop gifts by raising the percentage of crop value allowed and extending the sunset. (Flesch Readability Score: 60.6).
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Digest: The Act extends the sunset for the tax credit for crop donation. (Flesch Readability Score: 74.8).]
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Extends the sunset for the income and corporate excise tax credit for crop donation.]
Increases, for purposes of the income and corporate excise tax credit allowed for crop donation, the percentage of wholesale price allowed as amount of credit and extends the sunset.
Applies to tax years beginning on or after January 1, 2025.
Takes effect on the 91st day following adjournment sine die.Statutes affected:
A-Engrossed: 315.156