U.S. Congress - H.R.3227 To amend the Internal Revenue Code of 1986 to permanently extend and expand the charita...
H.R.3227 - To amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory.
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- Official: To amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory. as introduced.
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Official Summary
7/15/2009--Introduced.Amends the Internal Revenue Code to: (1) make permanent the tax deduction for charitable contributions of food inventory by certain noncorporate taxpayers; (2) set forth rules for determining the basis and fair market value of contributed food; and (3) limit the reducOfficial Summary
7/15/2009--Introduced.Amends the Internal Revenue Code to:(1) make permanent the tax deduction for charitable contributions of food inventory by certain noncorporate taxpayers;
(2) set forth rules for determining the basis and fair market value of contributed food; and
(3) limit the reduction of such deduction in 2009 and 2010 to the amount by which the fair market value of the contributed food exceeds twice the basis of such food.
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Co-sponsored H.R. 3227, which would amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory. Co-sponsored H.R. 1831, the Conservation Easement Incentive Act ...
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The Association also supports the Good Samaritan Hunger Relief Tax Incentive Extension Act, H.R. 3227, sponsored by Reps. Sander Levin (D-Mich.) and Geoff Davis (R-Ky.), which would expand and make permanent this tax extender provision ...
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