S 561
100th Congress
Senate
Taxation
Agricultural economics
Agricultural surpluses
Agriculture and Rural Affairs
Charitable contributions
Disaster relief
Disasters and Disaster Relief
Farm produce
Food and Food Industry
Food relief
Income tax
Public Welfare and Charities
Tax deductions
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.
Introduced: February 19, 1987
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 19, 1987
Read twice and referred to the Committee on Finance.
Feb 19, 1987
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1