Fresh Harvest Food Bank, along with Hunger Free Colorado and food banks and pantries across Colorado are closely watching the Colorado Charitable Crop Donation bill that is currently under review at the Colorado House of Representatives.
HB-2014-1119 will help Colorado’s agricultural communities and food banks across the state provide fresh Colorado food to those in need.
This bill would boost access to fresh, healthy, locally produced food (including fresh fruits and vegetables, dairy products and meat products) for low-income Coloradans by offering a 25% tax credit to local producers for the wholesale value of food they produce and donate to qualified nonprofit food distribution organizations across the state.
House Bill 2014-1119 has received bipartisan support and is sponsored by Rep. McLachlan, Rep. Dore, Sen. Hodge and Sen. Roberts.
The bill advanced from the House Appropriations Committee on April 8 with a unanimous 12-0 vote. This follows passage from the House Finance Committee on Feb. 26 with a bipartisan 10-2 vote and the House Agriculture Committee with a unanimous vote on Feb. 10. The bill passed the House Appropriations Committee with a unanimous 12-0 vote and advanced from the House Floor with a 15-13-1 vote last week. It now heads to the Senate and will be heard by the Senate Finance Committee on April 17.
Example: $2,500 Tax Credit for Donated Produce
Tax Credit Amount: $2,500
Wholesale Value: $10,000
Retail Food Value (Estimated): $13,500
To stay up to date on the latest news and to sign up to receive updates regarding HB-2014-1119 visit Hunger Free Colorado’s Action Center.