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co.mments
HR 3628 IH
To amend the Internal Revenue Code of 1986 to extend for 4 years the enhanced charitable deduction for contributions of food inventory.
September 20, 2007
Mr. SPACE introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to extend for 4 years the enhanced charitable deduction for contributions of food inventory.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Promoting Charitable Actions Act of 2007'.
SEC. 2. 4-YEAR EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY.
(a) In General- Clause (iv) of section 170(e)(3)(C) of the Internal Revenue Code of 1986 is amended by striking `December 31, 2007' and inserting `December 31, 2011'.
(b) Effective Date- The amendment made by this section shall apply to contributions made after December 31, 2007.
