Form 150-101-240 - Crop Donation Tax Credit - Oregon Department Of Revenue Page 2
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1
2Instructions for Crop Donation Tax Credit
Oregon allows a tax credit for crops donated to a
• In the event there is no previous cash buyer, a mar-
ket price based upon the market price of the nearest
gleaning cooperative, food bank, or other charitable
regional wholesale buyer or regional u-pick market
organization engaged in the distribution of food with-
price.
out charge.
Example: 5,000 pounds of potatoes @ $0.10/lb.
The organization receiving the donation must have a
5,000 × 0.10 = $500 (market value)
principal or ongoing purpose of distribution of food
10% (0.10) × $500 = $50 (credit allowed)
to children or homeless, unemployed, elderly, or low-
income individuals.
How to claim the credit
The organization must be located in Oregon and
Keep your completed Form 150-101-240, Crop Dona-
be exempt from federal income taxes under Section
tion Tax Credit, with your tax records to verify your
501(c)3) of the Internal Revenue Code.
donation. If there was a previous cash buyer, you must
keep a copy of an invoice or other statement identify-
To qualify for this credit
ing the price received for crops of comparable grade
or quality.
• You must be in the business of growing the crop to
be sold for cash;
Individuals, partners, S corporation shareholders, or
corporations can take the credit. S corporation share-
• The crop must be fit for human consumption; and
holders or partners may claim the credit based on their
• The food must meet all quality and labeling stan-
pro rata share of the value of the donated crop.
dards imposed by federal, state, or local laws, even
Part-year residents and nonresidents. You are
though the food may not be readily marketable due
allowed the credit subject to the same limitations as a
to appearance, age, freshness, grade, size, surplus, or
credit allowed a resident. Prorate the credit by multiply-
other condition.
ing your total credit by your Oregon percentage to figure
Eligible crops include, but are not limited to:
the amount you can claim on your Oregon return.
• Bedding plants that produce food;
Carryforward. Your credit cannot be more than your
tax liability for Oregon. You can carry forward any
• Orchard stock intended for the production of food;
unused credit for the next three years. If the credit is
and
not used within three years, it is lost.
• Livestock that may be processed into food for human
Taxpayer assistance
consumption.
Donated food meeting the above qualifications will
General tax information ........
meet the definition of apparently wholesome food as
Salem .......................................................503-378-4988
required for this credit.
Toll-free from an Oregon prefix ....... 1-800-356-4222
Asistencia en español:
How much is the credit?
En Salem o fuera de Oregon .................503-378-4988
Gratis de prefijo de Oregon .............. 1-800-356-4222
The credit is 10 percent of the value of the quantity of
the crop donated, computed at the wholesale market
TTY (hearing or speech impaired; machine only):
price at the time of donation. The wholesale market
Salem area or outside Oregon .............. 503-945-8617
price is determined by either:
Toll-free from an Oregon prefix ........1-800-886-7204
• The amount paid to the grower by the last previous
Americans with Disabilities Act (ADA): Call one of the
cash buyer of the particular crop; or
help numbers for information in alternative formats.
Crop Tax Cred, page 2 of 2
150-101-240 (Rev. 12-08)
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