Promoting Charitable Actions Act of 2007

Promoting Charitable Actions Act of 2007 - Amends the Internal Revenue Code to extend through 2011 the expansion of the tax deduction for charitable contributions of food inventory to taxpayers other than C corporations.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3628 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3628

 To amend the Internal Revenue Code of 1986 to extend for 4 years the 
   enhanced charitable deduction for contributions of food inventory.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 20, 2007

  Mr. Space introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend for 4 years the 
   enhanced charitable deduction for contributions of food inventory.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Promoting Charitable Actions Act of 
2007''.

SEC. 2. 4-YEAR EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR 
              CONTRIBUTIONS OF FOOD INVENTORY.

    (a) In General.--Clause (iv) of section 170(e)(3)(C) of the 
Internal Revenue Code of 1986 is amended by striking ``December 31, 
2007'' and inserting ``December 31, 2011''.
    (b) Effective Date.--The amendment made by this section shall apply 
to contributions made after December 31, 2007.
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