Form 150-101-240 - Tax Credit For Donations To Gleaning Cooperative
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1TAX CREDIT FOR DONATIONS
O R E G O N
TO GLEANING COOPERATIVE
D E PA R T M E N T
O F R E V E N U E
It is no longer necessary to send a copy of this form to the Department of Agriculture.
Name of Grower
Social Security No.
Employer ID No.
Address
City
State
ZIP Code
Telephone No.
(
)
My unharvested crop was donated to a gleaning cooperative at a time when it was usable as food for humans, and
would otherwise have gone to waste. It was available because (check one):
I have filled my crop contract quota with the wholesale or retail buyer.
I was party to a contingent supply contract. The buyer reduced my crop quota below what I expected to supply.
Harvesting of my crop is not economical.
Signature of Grower
Date Signed
X
Name of Cooperative
Telephone No.
(
)
Address
City
State
ZIP Code
Amount
Date
Wholesale
Description of Donated Crop
Weight
Donated
Price*
1.
2.
3.
4.
Signature of Cooperative Official
Date Signed
X
* Wholesale Price—to be completed by either the grower or cooperative.
CALCULATION OF CREDIT
Wholesale Value
Description of Donated Crop
Amount Weight
Wholesale Price
Col. 1 x Col. 2
1.
2.
3.
4.
TOTAL
Multiply by 10%
10%
Credit, Limited to Tax Liability
DETERMINATION OF WHOLESALE MARKET PRICE
The wholesale market price for each crop being donated is deter-
COOPERATIVE—There was no previous cash buyer of the parti-
mined by either the grower or the cooperative, as illustrated below.
cular crop: The wholesale market price is determined by the coop-
erative as the market price of the nearest regional wholesale buyer
GROWER—There was a previous cash buyer of the particular crop:
or the regional U-pick market price. If there was a previous cash
The grower shall determine market price as the amount paid to him
buyer of the particular crop, the price shall be determined by the
by the last previous cash buyer. If there was no previous cash buyer
grower.
of the particular crop, the wholesale market price shall be determin-
ed by the gleaning cooperative.
KEEP A COPY OF THIS FORM FOR YOUR TAX RECORDS.
150-101-240 (Rev. 10-98)
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