Tax on unincorporated businesses — Credits — Tax credit for farm to food donations.

(a) For taxable years beginning on or after January 1, 2015, any qualified unincorporated business under § 6-1504 may claim a nonrefundable credit against taxes imposed by this subchapter equal to 50% of the value of food commodity donations made during the tax year to a District of Columbia food bank or shelter recognized as a tax-exempt organization pursuant to 26 U.S.C. § 501(c)(3).

(b)

(1) The credit shall not exceed $ 5,000 per unincorporated business per tax year and shall not reduce the minimum tax liability under § 47-1808.03(b) .

(2) If the unincorporated business elects to claim the credit for a contribution, no deduction under § 47-1803.03(a)(8) shall be allowable on account of the contribution.

(c) A donated food commodity shall not be damaged, out-of-condition, nor of a condition that would be considered unfit for human consumption under District or federal law or regulations.