California Revenue and Taxation Code

§ 17053.88.5

RTC § 17053.88.5 Effective Jul 16, 2021Div. 2 · Part 10 · Ch. 2

Statute text

(a)In the case of a qualified taxpayer who donates qualified donation items to a food bank located in California under Chapter 5 (commencing with Section 58501) of Part 1 of Division 21 of the Food and Agricultural Code, for taxable years beginning on or after January 1, 2017, and before January 1, 2027, there shall be allowed as a credit against the “net tax,” defined by Section 17039, an amount equal to 15 percent of the qualified value of those qualified donation items.

(b)For purposes of this section:

(1)“Qualified donation item” means fresh fruits or fresh vegetables and the following raw agricultural products or processed foods:

…

Legislative history

Amended by Stats. 2021, Ch. 82, Sec. 10. (AB 150) Effective July 16, 2021. Repealed as of December 1, 2027, by its own provisions.