H.R. 3976, To amend the Internal Revenue Code of 1986 to make permanent the deduction for contributions of food inventory by all corporations

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H.R. 3976 would amend the Internal Revenue Code of 1986 to make permanent the deduction for contributions of food inventory by all corporations.

Detailed Summary

Amends the Internal Revenue Code to make permanent the special rule allowing a tax deduction for charitable contributions of food inventories by business taxpayers (other than C corporations).

Status of the Legislation

Latest Major Action: 10/25/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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