(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 AT THE BEGINNING OF
THE INSTRUCTIONAL DAY 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) (G) 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) (H) OF THIS SECTION
FOR CONTRIBUTIONS MADE BY THE ENTITY TO A SCHOOL FOR THE PROGRAM.

(G) (H) (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)
(I) 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

2. THE TOTAL AMOUNT OF STATE INCOME TAX OTHERWISE
PAYABLE BY THE BUSINESS ENTITY FOR THE TAXABLE YEAR.

(II) ANY EXCESS CREDIT THAT WOULD BE ALLOWED BUT FOR THE
LIMITATIONS UNDER SUBPARAGRAPH (I) (J) OF THIS PARAGRAPH MAY BE CARRIED
OVER AND APPLIED AS A STATE INCOME TAX CREDIT FOR SUCCEEDING TAXABLE
YEARS UNTIL THE EARLIER OF:

1. THE FULL AMOUNT OF THE EXCESS IS USED; OR

2. THE EXPIRATION OF THE FIFTH TAXABLE YEAR AFTER
THE TAXABLE YEAR IN WHICH THE CONTRIBUTION WAS MADE.

(H) (I) (1) THE STATE INCOME TAX CREDIT ALLOWED UNDER THIS
SECTION MAY NOT BE ALLOWED UNLESS THE BUSINESS ENTITY HAS APPLIED FOR
AND RECEIVED APPROVAL UNDER THIS SUBSECTION FROM THE DEPARTMENT FOR
EACH CONTRIBUTION TO THE PROGRAM FOR WHICH THE CREDIT IS CLAIMED.