S. 1540Senate110th Congress (2007-2009)In Committee

Hunger Relief Trucking Tax Credit Act

Introduced June 5, 2007

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

June 5, 2007

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SenateIntro Referral

Introduced in Senate

June 5, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S7073-7074)

June 5, 2007

SenateIntro Referral

Read twice and referred to the Committee on Finance.

June 5, 2007

Floor Debate

7 members

What members said about S. 1540 on the floor

4 Republicans3 Democrats
Elizabeth Dole
Sen. Elizabeth DoleR-NC · Jun 5, 2007

Mr. President, today is the sixth National Hunger Awareness Day--a day to reflect on the fact that in this Nation alone more than 35 million people are experiencing hunger or are at risk for hunger.…

Elizabeth Dole
Sen. Elizabeth DoleR-NC · Jun 5, 2007

Mr. President, today is the sixth National Hunger Awareness Day--a day to reflect on the fact that in this Nation alone more than 35 million people are experiencing hunger or are at risk for hunger.…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Jun 5, 2007

Mr. President, I rise today to introduce the Investing for Tomorrow's Schools Act of 2007, an act that is critical in bringing our Nation's schools into the 21st century. If passed, this legislation…

Judd Gregg
Sen. Judd GreggR-NH · Jun 5, 2007

Mr. President, the United States spends more on health care as a percentage of GDP than any other industrialized country and costs continue to rise. However, there is significant variation in the…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Jun 5, 2007

Mr. President, today I am introducing a bill that will authorize the Administrator of General Services to convey a parcel of real property to the Alaska Railroad Corporation. This parcel of land is…

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Chuck Grassley
Sen. Chuck GrassleyR-IA · Jun 5, 2007

Mr. President, today I am introducing a bill honoring and memorializing a fallen Iowa hero. Scott Nisely had served his country in Iraq just short of a year when, on September 30, 2006, he was killed…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jun 5, 2007

Mr. President, I am pleased to be able to introduce the National Geothermal Initiative Act of 2007, along with my cosponsors, Senators Reid, Murkowski, Stevens, Salazar, Tester, and Snowe. This…

Tom Harkin
Sen. Tom HarkinD-IA · Jun 5, 2007

Mr. President, today I join with my senior colleague from Iowa, Senator Grassley, in introducing a bill to name the Marshalltown Post Office in honor of MAJ Scott Nisely, who was killed in action in…

Bill Text

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Introduced in SenateIssued June 5, 2007

II

110th CONGRESS

1st Session

S. 1540

IN THE SENATE OF THE UNITED STATES

June 5, 2007

Mrs. Dole (for herself, Mrs. Lincoln, Mr. Burr, Mr. Durbin, Mr. Vitter, and Mr. Allard) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to provide a tax credit for the transportation of food for charitable purposes.

1.

Short title

This Act may be cited as the Hunger Relief Trucking Tax Credit Act.

2.

Credit for transportation of food for charitable purposes

(a)

In General

Subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

30D.

Credit for transportation of food for charitable purposes

(a)

Allowance of credit

There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 25 cents for each mile for which the taxpayer uses a qualified truck for a qualified charitable purpose during the taxable year.

(b)

Qualified charitable purpose

For purposes of this section, the term qualified charitable purpose means the transportation of food in connection with the hunger relief efforts of an organization which is described in section 501(c)(3) and is exempt from taxation under section 501(a) (other than a private foundation, as defined in section 509(a), which is not an operating foundation, as defined in section 4942(j)(3)).

(c)

Qualified truck

For purposes of this section, the term qualified truck means a truck which—

(1)

has a capacity of not less than 1,760 cubic square feet,

(2)

is owned, leased, or operated by the taxpayer, and

(3)

is ordinarily used for hauling property in the course of a business.

(d)

Other rules

(1)

Denial of double benefit

No credit shall be allowed under this section with respect to any amount for which a deduction is allowed under any other provision of this chapter.

(2)

No credit where taxpayer is compensated

No credit shall be allowed under this section if the taxpayer receives compensation in connection with the use of the qualified truck for the qualified charitable purpose.

(3)

Capacity requirement

No credit shall be allowed under this section unless at least 50 percent of the hauling capacity of the qualified truck (measured in cubic square feet) is used for the qualified charitable purpose.

.

(b)

Conforming amendment

The table of sections for subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

Sec. 30D. Credit for transportation of food for charitable purposes..
(c)

Effective date

The amendments made by this section shall apply to taxable years ending after December 31, 2007.