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Bill > HR3949


US HR3949

US HR3949
To amend the Internal Revenue Code of 1986 to extend for one year the enhanced charitable deduction for contributions of food inventory.


summary

Introduced
01/28/2014
In Committee
01/28/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to extend for one year the enhanced charitable deduction for contributions of food inventory.

AI Summary

This bill extends for one year a special tax benefit, known as an "enhanced charitable deduction," for businesses that donate food inventory to charities. The Internal Revenue Code of 1986 is the set of laws governing federal taxes in the United States. This bill amends that code to push back the expiration date of this enhanced deduction from December 31, 2013, to December 31, 2014, meaning businesses can claim this increased deduction for food donations made during that extended period.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to the House Committee on Ways and Means. (on 01/28/2014)

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