Summary: H.R.2945 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.2945. Bill summaries are authored by CRS.

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Introduced in House (08/01/2013)

Amends the Internal Revenue Code to: (1) make permanent the tax deduction for charitable contributions of food inventory; (2) set forth rules for determining the basis and fair market value of contributed food; and (3) increase from 10% to 15% of taxpayer net income the amount of deductible food inventory contributions which a taxpayer, including a C corporation, may make in any taxable year.