Senate Passes Expanded Tax Breaks for Food Donors

1 decade 2 years 8 months ago Tuesday, April 10 2007 Apr 10, 2007 Tuesday, April 10, 2007 1:52:09 PM CDT April 10, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY, Mo. (AP) -- Donors to food pantries could get an increased tax break. The Senate passed legislation today authorizing up to 
$2 million of state tax credits a year to individuals and businesses that give food or money to local food pantries. People already can include donations to nonprofit food pantries in their itemized deductions. The bill by House Speaker Rod Jetton would grant them an expanded, dollar-for-dollar tax break. Each taxpayer would be limited to claiming $2,500 in food tax credits a year. The legislation passed the House previously. But because the Senate made changes, the House must give it a final vote before sending the bill to Governor Blunt.

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