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Farming   Tax credit beginning for food donated to nonprofit food banks

Governor McAuliffe signs Food Crop Donation Tax Credit bill

Blue Ridge Area Food BankVirginia Governor Terry McAuliffe signed the Food Crop Donation Tax Credit legislation, which establishes an individual and corporate income tax credit beginning in 2016 for food crops grown and donated by farmers to nonprofit food banks.

The bill defines food crops as grains, fruits, nuts or vegetables. The credit will equal 30 percent of the fair market value of the food crops donated by the person during the taxable year, not to exceed an aggregate of $5,000 for any taxable year.

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“The First Lady and I are working hard to reduce hunger in the Commonwealth by creating pathways to nutritious food for all Virginians. This new budget allows for $250,000 to be issued in tax credits annually for farmers who participate in the program,” said Governor McAuliffe.

“Allowing farmers to receive a small tax credit for donating crops that otherwise would have gone to waste is one of the simplest steps we can take as a Commonwealth to help our famers and families,” said First Lady Dorothy McAuliffe.

The event was hosted by Blue Ridge Area Food Bank. Founded in 1981 in Staunton, by the end of its first year, the Food Bank distributed 233,000 pounds of food to the hungry through 202 member agencies in 18 counties along the spine of the Blue Ridge Mountains.

Today the food bank serves 25 counties and 8 cities on either side of the Blue Ridge through distribution centers in Charlottesville, Lynchburg, Winchester and its headquarters in Verona.

It provides nutritious food to 118,600 people each month through a far-reaching network of 208 food pantries, soup kitchens, schools, churches and other nonprofit groups.

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