HR 5416 · 99th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of natural disasters.

Introduced 1986-08-13· Sponsored by Rep. McEwen, Bob [R-OH-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1986-08-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a charitable contribution deduction to farmers who donate agricultural products to assist victims of a drought, flood, or other natural disaster. Provides that the amount of the deduction shall equal the wholesale market value of such agricultural product.…

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