Iowa § 190B.106 From farm to food donation tax credit — limits on claims

Iowa Statutes

§ 190B.106 — From farm to food donation tax credit — limits on claims

Iowa § 190B.106

Title VAGRICULTURE

Ch. 190BFARM TO FOOD DONATION TAX CREDIT AND EMERGENCY FOOD PURCHASES

This text of Iowa § 190B.106 (From farm to food donation tax credit — limits on claims) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 190B.106 (2026).

Text

A from farm to food donation tax credit is subject to all of the following limitations:

1.The tax credit shall not exceed a qualifying amount for the tax year that the tax credit is claimed. The qualifying amount is the lesser of the following:

a.Fifteen percent of the value of the commodities donated during the tax year for which the credit is claimed. The value of the commodities shall be determined in the same manner as a charitable contribution of food for federal tax purposes under section 170(e)(3)(C) of the Internal Revenue Code.

b.Five thousand dollars.

2.A tax credit in excess of the taxpayer’s liability for the tax year is not refundable but may be credited to the tax liability for the following five years or until depleted, whichever is earlier.

3.If a tax credit is allowed

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A from farm to food donation tax credit is subject to all of the following limitations:
1. The tax credit shall not exceed a qualifying amount for the tax year that the tax credit
is claimed. The qualifying amount is the lesser of the following:
a. Fifteen percent of the value of the commodities donated during the tax year for which
the credit is claimed. The value of the commodities shall be determined in the same manner
as a charitable contribution of food for federal tax purposes under section 170(e)(3)(C) of the
Internal Revenue Code.
b. Five thousand dollars.
2. A tax credit in excess of the taxpayer’s liability for the tax year is not refundable but
may be credited to the tax liability for the following five years or until depleted, whichever is
earlier.
3. If a tax credit is allowed, the amount of the contribution for which the tax credit is
claimed shall not be deductible in determining taxable income for state tax purposes.
4. A tax credit shall not be carried back to a tax year prior to the tax year in which the
taxpayer claims the tax credit.