Colorado Farmers Could Get Tax Credit For Food Bank Donations In Proposed Bill
DENVER (CBS4)– Food banks across Colorado have seen historic demand over the past several years. Now a state lawmaker is proposing to help them with a unique plan.
Representative Mike McLachlan, a Democrat representing Durango, has introduced a bill that would offer Colorado farmers a 25 percent tax credit for donating fresh fruits and vegetables- both are in short supply at food banks.
“Food banks obtain a lot of processed foot already pulverized and contain a lot of salt, a lot of other materials so this gives a greater freedom to food banks to prepare the food in a healthier way,” said McLachlan.
The tax credit would be capped at $5,000 per grower.
All donations would have to be made to certified food banks or emergency food service providers.