SB 353: Income tax: credits: food banks.

This bill amends the income tax and corporation tax laws to extend the authorization for tax credits for qualified taxpayers who donate food to food banks. The tax credits allow a 15% credit against taxes for the value of fresh fruits or vegetables and raw agricultural products or processed foods donated to a food bank. The bill aims to promote charitable giving and support food banks. The bill requires the Franchise Tax Board to submit a report on the utilization of the credit to the legislature by December 1, 2035.