Digest: The Act changes the tax credit for crop gifts by raising percentage of value allowed. (Flesch Readability Score: 67.5).
Increases, for purposes of tax credit allowed for crop donation, percentage of wholesale price allowed as amount of credit.
Applies to tax years beginning on or after January 1, 2025.
Takes effect on the 91st day following adjournment sine die.
Statutes affected: Introduced: 315.156