Relating to Good Samaritan Food Donation Act
The proposed tax credit would support the goals of the Good Samaritan Food Donation Act by mitigating the liability concerns that deter food distributors from donating food. By aligning with federal initiatives aimed at reducing food waste, HB2272 seeks to foster a culture of generosity within the retail sector while providing a tangible benefit to those who contribute. Eligible taxpayers could receive a credit worth one-tenth of the original retail sale value of the donated food, although the credit is capped at $5,000 per year and is non-refundable.
House Bill 2272 proposes amendments to the Code of West Virginia to establish a tax credit for retail food distributors who donate surplus food products to nonprofit organizations. This bill aims to encourage food donations by providing financial incentives in the form of tax credits against corporate net income or personal income tax liabilities. The tax credit would be applicable for food products deemed 'apparently fit' or 'apparently wholesome,' ensuring that donated food can assist individuals and families in need, and aims to combat food waste within the state.
The sentiment surrounding HB2272 appears to be generally positive among supporters, seen as a strategic approach to improve food security for at-risk populations while reducing waste. Proponents argue that the bill addresses both social responsibility and community support. However, concerns may arise regarding the limitations of the tax credit and whether they sufficiently incentivize widespread participation from food distributors. The sentiment reflects a hopeful approach towards enhancing the food donation framework in West Virginia.
Notable points of contention may include the review of the defined criteria for 'fit grocery products' and 'wholesome food', as well as the administrative responsibilities assigned to the State Tax Commissioner and the Department of Health and Human Resources for implementing the tax credit. There may be debates about ensuring that administrative processes are not overly burdensome and that the necessary awareness around the credit is effectively disseminated to all eligible distributors, which is vital for the success of the bill.