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Assembly Bill A9329

2025-2026 Legislative Session

Enacts the "New York state food rescue tax credit act"

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Current Bill Status - In Assembly Committee

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2025-A9329 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L

2025-A9329 (ACTIVE) - Summary

Enacts the "New York state food rescue tax credit act" in relation to providing a tax credit for certain businesses that donate food to eligible nonprofit food assistance organizations.

2025-A9329 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9329
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             December 10, 2025
                                ___________
 
 Introduced  by M. of A. SEPTIMO -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to enacting the "New York state
   food rescue tax credit act"
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Short  title. This act shall be known and may be cited as
 the "New York state food rescue tax credit act".
   § 2. Legislative  findings  and  intent.  The  legislature  finds  and
 declares that:
   1.  New York generates over four million tons of food waste each year,
 a significant portion of which is edible and suitable for donation.
   2. Current tax law favors disposal over donation,  as  deductions  for
 waste  disposal  are often more financially advantageous than charitable
 incentives for food donation.
   3. Food insecurity affects more than 11 percent  of  New  York  house-
 holds,  a  rate  that  has grown in recent years and is expected to rise
 further due  to  federal  reductions  in  SNAP  benefits  and  potential
 disruptions in federal nutrition programs.
   4.  It  is  therefore  the  intent  of  the legislature to establish a
 refundable and transferable state tax credit to encourage businesses  of
 all  sizes  to  donate  surplus food and to offset the costs of storage,
 transportation, and distribution.
   5. This credit will strengthen New  York's  food  assistance  network,
 reduce  landfill waste and methane emissions, and ensure that nutritious
 food reaches families in need instead of being discarded.
   § 3. Section 210-B of the tax law is amended by adding a new  subdivi-
 sion 63 to read as follows:
   63.  FOOD RESCUE TAX CREDIT. (A) DEFINITIONS. FOR THE PURPOSES OF THIS
 SUBDIVISION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14136-02-5
 A. 9329                             2
              

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