A bill to amend the Internal Revenue Code of 1954 relating to the income tax treatment of charitable contributions of inventory and certain other ordinary income property.

[AI summary unavailable — showing source text] Increases the tax deduction that qualified corporations or associations may take under the Internal Revenue Code for making a charitable contribution of property provided that such property relates to the donee's tax exempt function and is used by the donee solely to provide for the care of the ill, the needy or infants.…