During a recent meeting of the Oregon Senate Committee on Finance and Revenue, lawmakers discussed significant changes to tax credits aimed at supporting local farmers and enhancing food donations. One of the key proposals was an amendment to Senate Bill 108, which seeks to increase the crop donation tax credit from 15% to 25% of the wholesale market price of donated crops.

This proposed increase is designed to incentivize farmers to donate surplus crops rather than letting them go to waste or selling them at lower prices. Senator Patterson emphasized the growing demand for food at local food banks, highlighting the importance of encouraging more donations to meet community needs. The committee members acknowledged that many farmers are currently facing economic challenges, including losses attributed to tariffs, and this amendment aims to show support for the agricultural community.

The committee also discussed the need for further informational hearings to clarify the parameters of various deductions and credits, ensuring that individuals understand their eligibility based on specific circumstances, such as employer-based health insurance coverage.

As the committee moves forward, the recommendation for the amended bill will be sent to the Joint Committee on Tax Expenditures for further consideration. This step reflects a commitment to not only support farmers but also address food insecurity in Oregon, aligning with broader community goals of enhancing local food systems and providing assistance to those in need.