See? I Don’t Oppose All Tax Credits
I realize that I have been writing a lot lately about tax credits that I oppose. In this post, I’d like to identify one that I support: the Food Pantry Tax Credit (FPT). It’s a tax credit for individuals who donate cash or food supplies to a qualified food pantry. From a recent article published by Fox4KC:
The food pantry tax credit gives donors a tax credit worth 50 percent of their donation, up to $2,500. To qualify, donors must donate to a pantry that distributes food, not a bank that stores it.
The Food Pantry Tax Credit is a win-win for Missouri: Individuals can reduce their tax burden and food pantries can stay stocked throughout the year. Plus, unlike tax credits that are targeted to industries, the food pantry tax credit doesn’t favor certain parties over others.