HR 3870
97th Congress
House
Taxation
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 1954 to allow a credit against income tax for contributions of certain crops by farmers to certain tax-exempt organizations.
Introduced: June 10, 1981
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 1981
Executive Comment Requested from Treasury, USDA.
Jun 10, 1981
Referred to House Committee on Ways and Means.
Jun 10, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow an income tax credit for charitable contributions of any agricultural product to tax-exempt organizations. Limits the credit to ten percent of the wholesale market price or the most recent sales 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.
What's happening now
Executive Comment Requested from Treasury, USDA.
Committees of jurisdiction
1
Cosponsors
1