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Bill > HRes101


US HRes101

US HRes101
Providing for consideration of the bill (H.B. 644) to amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory, and providing for consideration of the bill (H.B. 636) to amend the Internal Revenue Code of 1986 to permanently extend increased expensing limitations, and for other purposes.


summary

Introduced
02/10/2015
In Committee
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Sets forth the rule for consideration of the bill (H.B. 644) to amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory, and providing for consideration of the bill (H.B. 636) to amend the Internal Revenue Code of 1986 to permanently extend increased expensing limitations.

AI Summary

This Resolution sets the rules for considering two bills in the House of Representatives. First, it allows for the consideration of H.R. 644, which aims to permanently extend and expand tax deductions for businesses that donate food inventory, meaning businesses could get a permanent tax break for donating food. Second, it allows for the consideration of H.R. 636, which also seeks to permanently extend increased expensing limitations, a tax provision that allows businesses to deduct the full cost of certain assets in the year they are placed in service, rather than depreciating them over time. For both bills, the Resolution waives all procedural objections that could prevent them from being considered, replaces the current proposed amendments with new ones, deems the bills as read, and limits debate to 90 minutes equally divided between the majority and minority party leaders on the Ways and Means Committee, with only one opportunity for a final motion to recommit.

Sponsors (1)

Last Action

Motion to reconsider laid on the table Agreed to without objection. (on 02/12/2015)

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