I
110th CONGRESS
1st Session
H. R. 3976
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.
Deduction for contributions of food inventory by all corporations made permanent
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).
Effective date
The amendment made by subsection (a) shall apply to made after December 31, 2007.