Taylor Votes: HB 763 – Tax Exemption for Donations to Food Banks

Tom’s vote:  YES

This legislation provides a sales and use tax exemption to companies for nearly-expired food they donate to food banks. Under current law, the food would not be taxed if it was thrown away, but it would be subject to sales and use tax if donated in bulk to a food bank shortly before expiration. The bill has a sunset provision ending in 2021. This legislation ensures that unexpired food ends up in the pantries of those most needy rather than a landfill.

This very simple but important bill simply makes it easier for the donation of food to charities without having to pay taxes on it.  A win-win.