(Last Updated 05/20/2022)
FIND Food Act
In March 2022, Representatives Shontel Brown (D-OH), Chellie Pingree (D-ME), Fred Keller (R-PA), and Troy Balderson (R-OH) introduced the bipartisan Further Incentivizing Nutritious Donations (FIND) Food Act of 2022 (H.R. 7317), which would encourage the donation of wholesome, safe food across the country by expanding federal tax incentives for food donation.
While the federal government currently offers two tax incentives for the donation of wholesome food, many farmers and small businesses with low profit margins fail to benefit from the current deduction options. The FIND Food Act would enhance federal tax incentives through three amendments to the Internal Revenue Code.
This bill would:
- Offer an enhanced tax deduction for up to 100% of farmers’ cost to transport donated food.
- Create an alternative tax credit equal to 50% of the fair market value of the donated food that farmers can claim in lieu of the current enhanced deduction for food donation.
- Allow donors to the claim enhanced tax deduction for food donations even if the nonprofit charges end recipients a nominal fee.