A bill to amend the Internal Revenue Code of 1954 to allow a credit against tax for contributions of certain agricultural products to certain tax-exempt organizations.

referredUnited States· United States Congress· EN

Introduced

23 July 1985

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow an income tax credit to taxpayers engaged in the trade or business of raising agricultural products for contributions of agricultural products to certain tax-exempt organizations. Sets the amount of such credit at 10 percent of either: (1) the wholesale market price; or (2) the most recent sale price of the agricultural product contributed.

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Documents

1 official file

Introduced in House
summary · EN · 23 July 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-bill/3059
Open data entity: https://api.congress.gov/v3/bill/99/hr/3059