S. 1313 would amend the Internal Revenue Code of 1986 to permanently extend and expand the charitable deduction for contributions of food inventory.
Detailed Summary
Good Samaritan Hunger Relief Tax Incentive Extension Act of 2009 - Amends the Internal Revenue Code to: (1) modify the tax deduction for charitable contributions of food inventory by limiting the reduction in such deduction to the amount by which the fair market valuation of the contributed food exceeds twice the basis of such food; and (2) make such deduction permanent.
Status of the Legislation
Latest Major Action: 6/22/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
Points in Favor
(Log in to edit the wiki and be the first to show why the bill should pass!)
Points Against
(Log in to edit the wiki and be the first to show why the bill should not pass!)
Visitor Comments
There are currently no comments for this bill.