Creates pilot program to provide corporation business tax and gross income tax credits for value of certain fruit and vegetable donations made by commercial farm operators.

This bill creates a three-year pilot program offering tax credits to New Jersey commercial farms that donate edible fruits and vegetables to local charities. Farm operators can claim a 50% credit (up to $5,000 per donation period) against their corporation business tax or gross income tax for the wholesale value of donated produce. To qualify, farms must obtain written verification from charities detailing the donation’s variety, grade, quantity, and value, with the Secretary of Agriculture setting monthly wholesale value rates. The program caps total annual credits at $100,000 and requires donations to be documented through a standardized form. It directly affects commercial farms and qualifying charities, aiming to incentivize food donations while reducing tax liability.