A bill to amend the Internal Revenue Code of 1986 to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of natural disasters.

referredUnited States· United States Congress· EN

Introduced

19 February 1987

Last action

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Status

Read twice and referred to the Committee on Finance.

Summary

Amends the Internal Revenue Code to allow a farmer an income tax deduction for specified agricultural products donated to a State for the care of individuals adversely affected by a major natural disaster. Sets the amount of such deduction at the fair market value of the charitable contribution minus production costs for which the taxpayer has taken a deduction.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 19 February 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/561
Open data entity: https://api.congress.gov/v3/bill/100/s/561