118 HR 9189 IH: Feed the Community Act U.S. House of Representatives 2024-07-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 9189IN THE HOUSE OF REPRESENTATIVESJuly 30, 2024Ms. Barragán (for herself, Mr. Carbajal, Mr. Carter of Texas, Mr. Carson, Ms. Crockett, Mr. Espaillat, Mr. Grijalva, Ms. Lee of Pennsylvania, Mr. Thanedar, Ms. Titus, and Mr. Vargas) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to allow charitable donations of food transportation vehicles and food storage equipment to receive the tax same treatment as charitable donations of food inventory in the case of donations to nonprofit organizations which provide food to communities in need.

1.

Short title

This Act may be cited as the Feed the Community Act.

2.

Charitable donations of qualified property

(a)

In general

Section 170(e)(3) of the Internal Revenue Code of 1986 is amended—(1)in subparagraph (B)—(A)by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, (B)by striking The reduction and inserting: (i)

In general

Except as provided in clause (ii), the reduction, and (C)by adding at the end the following new clause: (ii)

Maximum reduction for qualified property

In the case of qualified property described in subparagraph (C)(vii), at the election of the taxpayer, the reduction under paragraph (1)(A) with respect to such qualified property shall be no greater than 25 percent of the fair market value of such qualified property. ,(2)in subparagraph (C)—(A)in the heading, by inserting and qualified property after food inventory, (B)in clause (i)—(i)by inserting or qualified property after charitable contribution of food, and(ii)in subclause (II), by inserting qualified property and, in the case of food, to after only to, and(C)by adding at the end the following new clause: (vii)

Qualified property

For purposes of this subparagraph—(I)

In general

The term qualified property means fully functional food storage equipment or food transportation vehicles which are donated to an organization the primary mission of which is to serve, deliver, or otherwise provide food commodities, food items, or prepared and cooked meals to individuals and communities in need.(II)

Food storage equipment

The term food storage equipment means—(aa)an industrial or commercial grade refrigerator or freezer,(bb)industrial racking, palette racks, or other commercial shelving used by the donee for dry or temperature-controlled food storage, or(cc)inventory property or materials that aid in the receipt or storage of perishable foods, including freezer doors, insulated panels and other similar materials and equipment.(III)

Food transportation vehicle

The term food transportation vehicle means a delivery truck, delivery van, trailer, or shipping container that is primarily used by the donee for the storage and transportation of food commodities or meals to individuals and communities in need. , and (3)in subparagraph (D), by striking This paragraph and inserting Except in the case of qualified property described in subparagraph (C)(vii), this paragraph.(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2024.