[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3976 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3976

   To amend the Internal Revenue Code of 1986 to make permanent the 
   deduction for contributions of food inventory by all corporations.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 25, 2007

 Mr. Levin (for himself, Mr. McDermott, Mr. Ramstad, and Mr. Crowley) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
   deduction for contributions of food inventory by all corporations.

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

SECTION 1. DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY BY ALL 
              CORPORATIONS MADE PERMANENT.

    (a) In General.--Subparagraph (C) of section 170(e)(3) of the 
Internal Revenue Code of 1986 (relating to special rule for certain 
contributions of inventory and other property) is amended by striking 
clause (iv).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to made after December 31, 2007.
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