A bill relating to the income tax treatment of charitable contributions of inventory and certain other ordinary income property.

Summary

Provides under the Internal Revenue Code for a decrease by one-half of the reduction of the allowable deduction of a charitable contribution of inventory or other property used in a trade or business, if such property is related to the purpose of the organization's tax exempt status, the property is not transferred for other property, the property consists solely of medical supplies, and the taxpayer receives a written statement concerning the use of the property.

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1 official file

• Introduced in House

  summary · EN · 22 April 1975

  Open at official source

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