HR 4280 · 100th Congress · Taxation
A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for contributions of certain agricultural products to certain tax-exempt organizations.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1988-03-29)
Plain Language Summary
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Amends the Internal Revenue Code to allow an income tax credit for farmers' or ranchers' charitable contributions of certain agricultural products. Sets the amount of the credit at ten percent of the taxpayer's choice of either the wholesale market price or the most recent sale price of the product. Describes products eligible for the credit. Disallows the credit with respect to amounts permitted as tax deductions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
9 Democrats11 Republicans