[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2386 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 2386

 To provide that a charitable contribution deduction shall be allowed 
for that portion of the cost of the breast cancer research stamp which 
        is in excess of the cost of a regular first-class stamp.


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                   IN THE SENATE OF THE UNITED STATES

                             July 30, 1998

Mr. Faircloth (for himself and Mrs. Feinstein) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To provide that a charitable contribution deduction shall be allowed 
for that portion of the cost of the breast cancer research stamp which 
        is in excess of the cost of a regular first-class stamp.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEDUCTION ALLOWED FOR EXTRA COST OF BREAST CANCER RESEARCH 
              STAMP.

    (a) In General.--For purposes of the Internal Revenue Code of 1986, 
if a taxpayer purchases a breast cancer research stamp from the United 
States Postal Service, the taxpayer shall be allowed a deduction under 
section 170 of such Code for a charitable contribution to the United 
States in an amount equal to the excess of--
            (1) the cost of such stamp, over
            (2) the regular first-class rate of postage as of the time 
        of the purchase.
    (b) Breast Cancer Research Stamp.--For purposes of this section, 
the term ``breast cancer research stamp'' means a stamp which is issued 
by the United States Postal Service pursuant to section 414 of title 
39, United States Code, and the additional proceeds from which become 
available for breast cancer research.
    (c) Effective Date.--This section shall apply to taxable years 
beginning after December 31, 1997.
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