,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bide  ,,in ,,the ,,house ,,of  
,,representatives  ,august #a1 #bjac    
,mr4 ,levin 7for himself and ,mr4       
,gerlach7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 permanently extend and expand the      
charitable deduction for contributions  
of food inventory4  #a4 ,extension and  
expansion of charitable deduction for   
contributions of food inventory  7a7    
,permanent extension ,subparagraph 7,c7 
of section #agj7;e77#c7 of the ,internal
 ,revenue ,code of #aihf is amended by  
striking clause 7iv74  7b7              
,determination of basis for taxpayers   
other than ,c corporations ,subparagraph
 7,c7 of section #agj7;e77#c7 of such   
,code1 as amended by subsection 7a71 is 
amended by adding at the end the        
following new clause3  7iv7             
,determination of basis for taxpayers   
other than ,c corporations ,if a        

taxpayer--  7,i7 does not account for   
inventories under section #dga1 and     
7,,ii7 is not required to capitalize    
indirect costs under section #bfc;,a1   
the taxpayer may elect1 solely for      
purposes of subparagraph 7,b71 to treat 
the basis of any apparently wholesome   
food as being equal to #be percent of   
the fair market value of such food4  4  
7c7 ,determination of fair market value 
,subparagraph 7,c7 of section           
#agj7;e77#c7 of such ,code1 as amended  
by subsections 7a7 and 7b71 is amended  
by adding at the end the following new  
clause3  7v7 ,determination of fair     
market value ,in the case of any such   
contribution of apparently wholesome    
food which1 solely by reason of internal
 standards of the taxpayer1 lack of     
market1 or similar circumstances1 or    
which is produced by the taxpayer       
exclusively for the purposes of         
transferring the food to an organization
 described in subparagraph 7,a71 cannot 
or will not be sold1 the fair market    

value of such contribution shall be     
determined--  7,i7 without regard to    
such internal standards1 such lack of   
market1 such circumstances1 or such     
exclusive purpose1 and  7,,ii7 by taking
 into account the price at which the    
same or substantially the same food     
items 7as to both type and quality7 are 
sold by the taxpayer at the time of the 
contribution 7or1 if not so sold at such
 time1 in the recent past74  4  7d7     
,limitation  7#a7 ,increase in          
percentage ,clause 7ii7 of section      
#agj7;e77#c77;,c7 of such ,code is      
amended by striking #aj percent and     
inserting #ae percent4  7#b7            
,applicability to ,c corporations  7,a7 
,in general ,clause 7ii7 of section     
#agj7;e77#c77;,c7 of such ,code is      
amended by striking ,in the case of a   
taxpayer other than a ,c corporation1   
the and inserting ,the4  7,b7           
,coordination with limitation ,paragraph
 7#c7 of section #agj7;b7 of such ,code 
is amended to read as follows3  7#c7    

,charitable contributions of food ,for  
purposes of paragraph 7#b77;,a7--  7,a7 
,in general ,any charitable contribution
 of food to which subsection            
7e77#c77;,c7 applies shall be allowed to
 the extent the aggregate of such       
contributions does not exceed the       
limitation under subsection             
7e77#c77;,c77ii74  7,b7 ,carryover ,if  
the aggregate amount of contributions   
described in subparagraph 7,a7 exceeds  
such limitation1 such excess shall be   
treated 7in a manner consistent with the
 rules of subsection 7d77 as a          
charitable contribution to which        
subparagraph 7,a7 applies in each of the
 #e succeeding years in order of time4  
4  7e7 ,effective ,date ,the amendments 
made by this section shall apply to     
contributions made after the date of the
 enactment of this ,act1 in taxable     
years ending after such date4