West Virginia Code > Chapter 11 > Article 13DD – West Virginia Farm-to-Food Bank Tax Credit


11-13DD-1	Findings and purpose
11-13DD-2	Definitions
11-13DD-3	Amount of credit; limitation of credit
11-13DD-4	Determination of value of credit
11-13DD-5	Legislative rules
11-13DD-6	Tax credit review report
11-13DD-7	Effective date

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In West Virginia Code > Chapter 11 > Article 13DD - West Virginia Farm-to-Food Bank Tax Credit

Agriculture: means the cultivation of the soil, including the planting and harvesting of crops and the breeding and management of livestock. See West Virginia Code 11-5-3
Commissioner: means the State Tax Commissioner. See West Virginia Code 11-22-1
Department: means the Department of Agriculture. See West Virginia Code 11-13DD-2
Donee: The recipient of a gift.
Donor: The person who makes a gift.
Donor: means a qualified taxpayer who provides free of fee or charge edible agricultural products to a nonprofit food program operating in West Virginia. See West Virginia Code 11-13DD-2
Edible agricultural products: means fruits, vegetables, beef, poultry, pork, fish or any other edible product raised or grown in West Virginia that is intended for, and fit for, human consumption. See West Virginia Code 11-13DD-2
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Farming taxpayer: means a West Virginia taxpayer responsible for, and deriving income of, at least $1,000 from growing fruits, vegetables or other edible agricultural products or from raising beef, poultry, pork, fish or other edible agricultural products. See West Virginia Code 11-13DD-2
Nonprofit food program: means a surplus food collection and distribution program operated and established to collect donated food for redistribution to persons in need and is recognized as exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. See West Virginia Code 11-13DD-2
State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
Value: means in the case of any document not a gift, the amount of the full actual consideration for the document, paid or to be paid, including the amount of any lien or liens assumed. See West Virginia Code 11-22-1