Charitable Contributions of Food Inventory: Proposals for Change

Talley, Louis Alan ; Jackson, Pamela J.

Library of Congress. Congressional Research Service.

关键词: Taxation;    Corporate philanthropy;    Tax incentives;    Food relief;    Charitable contributions;   

RP-ID  :  RL31097
RP-ID  :  RL31097 2005-01-31

美国|英语

来源: UNT Digital Library

【 摘 要 】

Early in the 109th Congress, both S. 6, the Family and Community Protection Act of 2005, and S. 94, the Good Samaritan Hunger Relief Tax Incentive Act, have been introduced to encourage gifts of food by businesses for charitable purposes. While current law provides a deduction only to C corporations, these bills would expand the tax break to all business entities. The value of the existing deduction is the corporation’s basis in the donated product plus one half of the amount of appreciation, as long as that amount is less than twice the corporation’s basis in the product.