(2) DISBURSE THE PROGRAM FUNDS TO THE SCHOOLS UNDER THE
JURISDICTION OF THE BOARD OR THE SCHOOLS THAT ARE UNDER THE SPONSORING
AGENCY THAT ARE PARTICIPANTS IN THE PROGRAM IN CONJUNCTION WITH
FEDERAL REIMBURSEMENT FUNDS THROUGH THE FEDERAL SCHOOL BREAKFAST
PROGRAM; AND

(3) (2) SUBMIT AN ANNUAL REPORT TO THE DEPARTMENT ON THE
PROGRAM, INCLUDING THE MANNER IN WHICH THE FUNDS HAVE BEEN EXPENDED.

(E) (F) A SCHOOL THAT PARTICIPATES IN THE PROGRAM SHALL:

(1) IMPLEMENT AN IN CLASSROOM A AN IN-CLASSROOM BREAKFAST
PROGRAM IN WHICH ALL STUDENTS IN THE SCHOOL MAY PARTICIPATE REGARDLESS
OF FAMILY INCOME;

(2) SERVE A BREAKFAST THAT MEETS THE GUIDELINES OF THE
DEPARTMENT AND THE NUTRITIONAL STANDARDS OF THE UNITED STATES
DEPARTMENT OF AGRICULTURE FOR SCHOOLS THAT PARTICIPATE IN THE FEDERAL
SCHOOL BREAKFAST PROGRAM;

(3) SERVE THE BREAKFAST IN THE CLASSROOM CLASSROOM AT THE
BEGINNING OF THE INSTRUCTIONAL DAY SCHOOL UPON THE ARRIVAL OF STUDENTS
TO THE SCHOOL; 

(4) COLLECT THE DATA THAT THE COUNTY BOARD OR THE SPONSORING
AGENCY AND THE DEPARTMENT REQUIRE FROM PARTICIPANTS IN THE PROGRAM,
AND

(5)  SUBMIT AN ANNUAL REPORT TO THE COUNTY BOARD OR THE
SPONSORING AGENCY.

(F) EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, A BUSINESS ENTITY
MAY CLAIM A TAX CREDIT APPLICABLE TO THE STATE INCOME TAX OF THE ENTITY
IN THE AMOUNT DETERMINED UNDER SUBSECTION (G) OF THIS SECTION FOR
CONTRIBUTIONS MADE BY THE ENTITY TO A SCHOOL FOR THE PROGRAM.

(G) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, THE
STATE INCOME TAX CREDIT ALLOWED UNDER THIS SECTION SHALL EQUAL 50% OF
THE AMOUNT OF THE CONTRIBUTIONS THAT:

(I) ARE APPROVED BY THE DEPARTMENT UNDER SUBSECTION (H)
OF THIS SECTION; AND

(II) WERE MADE DURING THE TAXABLE YEAR OF THE BUSINESS

ENTITY.

(2) (I) THE STATE INCOME TAX CREDIT ALLOWED TO A BUSINESS
ENTITY UNDER THIS SECTION MAY NOT EXCEED, FOR ANY TAXABLE YEAR OF THE
BUSINESS ENTITY, THE LESSER OF:

1. $25,000; OR