legislation: 116-hr-8817

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

This data as json

bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-hr-8817 116 hr 8817 Preserving Charitable Incentives Act Taxation 2020-11-24 2020-11-24 Referred to the House Committee on Ways and Means. House Rep. Panetta, Jimmy [D-CA-20] CA D P000613 2 Preserving Charitable Incentives Act This bill increases the cap for corporate charitable tax deductions from 25% to 100% of a corporation's taxable income for taxable years beginning in 2020 and 2021. This increase encourages corporate donors (e.g., restaurants and retailers) to donate excess inventory rather than destroying it. The bill allows a carryover of excess inventory into the succeeding taxable year. The bill also directs the Department of the Treasury to revise regulations with respect to the treatment of inventory as costs of goods sold for purposes of the charitable tax deduction. 2023-01-11T13:44:14Z https://www.congress.gov/bill/116th-congress/house-bill/8817

Links from other tables