,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bide  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #a1 #bjac ,mr4 
,lev9 7= himself & ,mr4 ,g]la*7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to p]man5tly ext5d & exp& 
! *>itable d$uction = contributions (   
food inv5tory4  #a4 ,ext5sion &         
expansion ( *>itable d$uction =         
contributions ( food inv5tory  7a7      
,p]man5t ext5sion ,subp>agraph 7,c7 (   
section #agj7;e77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
clause 7iv74  7b7 ,det]m9ation ( basis =
 taxpay]s o!r ?an ,c corporations       
,subp>agraph 7,c7 ( section #agj7;e77#c7
 ( su* ,code1 z am5d$ by subsection 7a71
 is am5d$ by add+ at ! end ! foll[+ new 
clause3  7iv7 ,det]m9ation ( basis =    
taxpay]s o!r ?an ,c corporations ,if a  
taxpay]--  7,i7 does n acc\nt =         
inv5tories "u section #dga1 &  7,,ii7 is
 n requir$ to capitalize indirect co/s  

"u section #bfc;,a1  ! taxpay] may      
elect1 solely = purposes ( subp>agraph  
7,b71 to treat ! basis ( any app>5tly   
:olesome food z be+ equal to #be p]c5t (
 ! fair m>ket value ( su* food4  4  7c7 
,det]m9ation ( fair m>ket value         
,subp>agraph 7,c7 ( section #agj7;e77#c7
 ( su* ,code1 z am5d$ by subsections 7a7
 & 7b71 is am5d$ by add+ at ! end !     
foll[+ new clause3  7v7 ,det]m9ation (  
fair m>ket value ,9 ! case ( any su*    
contribution ( app>5tly :olesome food   
:i*1 solely by reason ( int]nal /&>ds ( 
! taxpay]1 lack ( m>ket1 or simil>      
circum/ances1 or :i* is produc$ by !    
taxpay] exclusively = ! purposes (      
transf]r+ ! food to an organization     
describ$ 9 subp>agraph 7,a71 _c or w n  
be sold1 ! fair m>ket value ( su*       
contribution %all be det]m9$--  7,i7 )\t
 reg>d to su* int]nal /&>ds1 su* lack ( 
m>ket1 su* circum/ances1 or su*         
exclusive purpose1 &  7,,ii7 by tak+    
into acc\nt ! price at :i* ! same or    
sub/antially ! same food items 7z to bo?

 type & quality7 are sold by ! taxpay]  
at ! "t ( ! contribution 7or1 if n s    
sold at su* "t1 9 ! rec5t pa/74  4  7d7 
,limitation  7#a7 ,increase 9 p]c5tage  
,clause 7ii7 ( section #agj7;e77#c77;,c7
 ( su* ,code is am5d$ by /rik+ #aj p]c5t
 & ins]t+ #ae p]c5t4  7#b7              
,applicability to ,c corporations  7,a7 
,9 g5]al ,clause 7ii7 ( section         
#agj7;e77#c77;,c7 ( su* ,code is am5d$  
by /rik+ ,9 ! case ( a taxpay] o!r ?an a
 ,c corporation1 ! & ins]t+ ,!4  7,b7   
,coord9ation ) limitation ,p>agraph 7#c7
 ( section #agj7;b7 ( su* ,code is am5d$
 to read z foll[s3  7#c7 ,*>itable      
contributions ( food ,= purposes (      
p>agraph 7#b77;,a7--  7,a7 ,9 g5]al ,any
 *>itable contribution ( food to :i*    
subsection 7e77#c77;,c7 applies %all be 
all[$ to ! ext5t ! aggregate ( su*      
contributions does n exce$ ! limitation 
"u subsection 7e77#c77;,c77ii74  7,b7   
,c>ryov] ,if ! aggregate am\nt (        
contributions describ$ 9 subp>agraph    
7,a7 exce$s su* limitation1 su* excess  

%all be treat$ 79 a mann] consi/5t ) !  
rules ( subsection 7d77 z a *>itable    
contribution to :i* subp>agraph 7,a7    
applies 9 ea* ( ! #e succe$+ ye>s 9 ord]
 ( "t4  4  7e7 ,effective ,date ,!      
am5dm5ts made by ?is section %all apply 
to contributions made aft] ! date ( !   
enactm5t ( ?is ,act1 9 taxable ye>s end+
 aft] su* date4