,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #fdd  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #b1 #bjae    
,mr4 ,re$ 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$uction =           
contributions ( food inv5tory4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,fight+ ,hung] ,inc5tive ,act ( #bjae4  
#b4 ,ext5sion & expansion ( *>itable    
d$uction = contributions ( food inv5tory
  7a7 ,p]man5t ext5sion ,section        
#agj7;e77#c77;,c7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by /rik+ clause  
7iv74  7b7 ,increase 9 limitation       
,section #agj7;e77#c77;,c7 ( su* ,code1 
z am5d$ by subsection 7a71 is am5d$ by  
/rik+ clause 7ii71 by r$esignat+ clause 
7iii7 z clause 7iv71 & by ins]t+ aft]   
clause 7i7 ! foll[+ new clauses3  7ii7  
,limitation ,! aggregate am\nt ( su*    
contributions = any taxable ye> :i* may 
be tak5 into acc\nt "u ?is section %all 

n exce$--  7,i7 9 ! case ( any taxpay]  
o!r ?an a ,c corporation1 #ae p]c5t ( ! 
taxpay]'s aggregate net income = su*    
taxable ye> f all trades or bus9esses f 
:i* su* contributions 7 made = su* ye>1 
comput$ )\t reg>d to ?is section1 &     
7,,ii7 9 ! case ( a ,c corporation1 #ae 
p]c5t ( taxable income 7z def9$ 9       
subsection 7b77#b77;,d774  7iii7 ,rules 
relat$ to limitation  7,i7 ,c>ryov] ,if 
su* aggregate am\nt exce$s ! limitation 
impos$ "u clause 7ii71 su* excess %all  
be treat$ 79 a mann] consi/5t ) ! rules 
( subsection 7d77 z a *>itable          
contribution describ$ 9 clause 7i7 9 ea*
 ( ! #e succe$+ ye>s 9 ord] ( "t4       
7,,ii7 ,coord9ation ) ov]all corporate  
limitation ,9 ! case ( any *>itable     
contribution all[able "u clause         
7ii77,,ii71 subsection 7b77#b77;,a7 %all
 n apply to su* contribution1 b !       
limitation impos$ by su* subsection %all
 be r$uc$ 7b n bel[ z]o7 by ! aggregate 
am\nt ( su* contributions4 ,= purposes (
 subsection 7b77#b77;,b71 su*           

contributions %all be treat$ z all[able 
"u subsection 7b77#b77;,a74  4  7c7     
,det]m9ation ( basis = c]ta9 taxpay]s   
,section #agj7;e77#c77;,c7 ( su* ,code1 
z am5d$ by subsections 7a7 & 7b71 is    
am5d$ by add+ at ! end ! foll[+ new     
clause3  7v7 ,det]m9ation ( basis =     
c]ta9 taxpay]s ,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  7d7 ,det]m9ation ( fair m>ket 
value ,section #agj7;e77#c77;,c7 ( su*  
,code1 z am5d$ by subsections 7a71 7b71 
& 7c71 is am5d$ by add+ at ! end !      
foll[+ new clause3  7vi7 ,det]m9ation ( 
fair m>ket value ,9 ! case ( any su*    
contribution ( app>5tly :olesome food   
:i* _c or w n be sold solely by reason (
 int]nal /&>ds ( ! taxpay]1 lack (      
m>ket1 or simil> circum/ances1 or by    

reason ( be+ produc$ by ! taxpay]       
exclusively = ! purposes ( transf]r+ !  
food to an organization describ$ 9      
subp>agraph 7,a71 ! 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  7e7 
,effective ,date ,! am5dm5ts made by ?is
 section %all apply to contributions    
made aft] ! date ( ! enactm5t ( ?is     
,act4