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- H.R.3729
H.R.3729: To amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Dec. 19, 2011
- Latest Major Action Dec. 19, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (6 Democrats, 3 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) make permanent the tax deduction for charitable contributions of food inventory; (2) set forth rules for determining the basis and fair market value of contributed food; and (3) increase from 10% to 15% of taxpayer net income the amount of deductible food inventory contributions which a taxpayer, including a C corporation, may make in any taxable year.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Dec. 19, 2011 |
Introduced in the House by Geoff Davis (R-Ky.) |