S 2841 · 111th Congress · Taxation

S Corporation Inventory Contribution Act of 2009

Introduced 2009-12-07· Sponsored by Sen. Burris, Roland [D-IL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2009-12-07)

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