HB 763 RENEWS AND EXTENDS THE SALES TAX EXEMPTIONS FOOD BANKS NEED FOR BULK PURCHASE OF FOOD AND ALSO FOR FOOD AND FOOD INGREDIENTS DONATED FOR HUNGER RELIEF AND DISASTER RELIEF.
The Georgia Food Bank Association is proud to support legislation that promotes the donation of prepared food for hunger relief and provides sales tax exemptions to food banks for bulk purchases of food so that every dollar can be spent on hunger relief. The sales tax exemption for bulk purchase of food for qualified food banks was passed by the Georgia General Assembly and signed into law by Governor Nathan Deal in April 2014. It took effect July 1, but it will expire on June 30 of 2016.
HB 763 will extend both of those exemptions to 2021.
The bulk purchasing exemption will mean that more than 1 million additional meals can be provided by the food banks each year.
The exemption for food donations means that 47 million pounds of food donated by our retail partners each year will fill the bellies of hungry Georgians instead of landfills.