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.

openUnited States· United States Congress· EN

Introduced

10 June 1981

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department; Agriculture Department.

Summary

Amends the Internal Revenue Code to allow an income tax credit for charitable contributions of certain crops, livestock, or poultry to tax-exempt organizations. Limits the credit to ten percent of the wholesale market price or the most recent sale price. Requires that the donated agricultural product be unsalable at a price which would enable the taxpayer to recover his costs and that it be fit for human consumption.

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Documents

1 official file

Introduced in Senate
summary · EN · 10 June 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1352
Open data entity: https://api.congress.gov/v3/bill/97/s/1352