Corporate tax credit for qualified donations to food banks

This section authorizes a tax credit for qualified taxpayers who donate qualified food items to food banks located in California. The amount of the credit is equal to 15 percent of the qualified value of the food. To receive the credit, the donation must be made under Chapter 5 of Part 1 of Division 21 of the Food and Agricultural Code, which covers certain agricultural donations, including of foods that have been gleaned. (See separate entry in this database summarizing sections 58501 to 58509).