HR 4280
100th Congress
House
Taxation
Agricultural economics
Agricultural surpluses
Agriculture and Rural Affairs
Charitable contributions
Farm produce
Food and Food Industry
Food relief
Income tax
Livestock
Public Welfare and Charities
Tax credits
A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for contributions of certain agricultural products to certain tax-exempt organizations.
Introduced: March 29, 1988
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 1988
Referred to House Committee on Ways and Means.
Mar 29, 1988
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow an income tax credit for farmers' or ranchers' charitable contributions of certain agricultural products. Sets the amount of the credit at ten percent of the taxpayer's choice of either the wholesale market price or the most recent sale price of the product. Describes products eligible for the credit.
Disallows the credit with respect to amounts permitted as tax deductions.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1