HR 4069 · 111th Congress · Taxation

S Corporation Inventory Contribution Act of 2009

Introduced 2009-11-16· Sponsored by Rep. Hare, Phil [D-IL-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] S Corporation Inventory Contribution Act of 2009 - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of inventory to S corporations. Limits the amount of such deduction for corporations other than C corporations to 10% of aggregate net income.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Davis, Danny K. [D-IL-7]IL