WA
Washington Senate Bill SB6112

Washington 2023-2024 Regular Session

Washington Senate Bill SB6112

Introduced
1/10/24  

Caption

Authorizing a business and occupation tax credit for the cost of donated food items by grocery stores and other food retailers.

Impact

The implementation of SB6112 could lead to significant changes in state laws regarding tax incentives and food donation practices. By facilitating tax credits for food donations, the bill has the potential to create a more favorable environment for charitable contributions from the food retail sector. This, in turn, could encourage more businesses to participate in food donation programs, potentially increasing the volume of food provided to food banks and other nonprofit organizations dedicated to feeding the needy. This shift could represent a step forward in promoting community welfare and sustainability.

Summary

SB6112 proposes to authorize a business and occupation tax credit specifically for the costs incurred by grocery stores and other food retailers when donating food items. By providing financial incentives to businesses that engage in charitable food donations, the bill aims to encourage the diversion of surplus food from waste streams to those in need, thereby addressing issues of hunger and food insecurity in the community. This measure aligns with broader efforts to optimize food systems and improve social welfare through increased food access.

Contention

Notably, discussions surrounding SB6112 may bring up points of contention related to the effectiveness and sufficiency of tax credits as a means to drive charitable behavior among businesses. Critics may argue that relying solely on tax incentives might not adequately address underlying issues such as food waste or the logistics of food distribution. Additionally, there could be concerns about potential misuse of tax credits or the need for oversight to ensure that the donations made are impactful and truly reach those in need. These debates could shape the bill's support and alterations during the legislative process.

Companion Bills

No companion bills found.

Previously Filed As

WA HB1857

Creating a business and occupation tax credit for the cost of low-risk pesticides.

WA LB524

Provide an income tax credit for food donations

WA LB1040

Change provisions relating to income tax credits for food donations

WA HB2081

Modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies.

WA HB2045

Investing in Washington families by restructuring the business and occupation tax on high grossing businesses and financial institutions.

WA SB5815

Modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies.

WA HB1284

Eliminating the investment income business and occupation tax deduction for corporations and other business entities.

WA SB5721

Authorizing a business and occupation tax credit to incentivize private sector investment in advanced aerospace manufacturing training and education.

WA HB1895

Establishing a business and occupation tax credit for small business employers providing educational assistance to employees.

WA HB1716

Supporting employers providing child care assistance to employees by establishing a business and occupation tax credit for businesses and requiring the department of revenue to provide a report to the legislature.

Similar Bills

No similar bills found.