To amend the Internal Revenue Code of 1986 to allow a credit for infant formula rebates paid under the Special Supplemental Nutrition Program for Women, Infants, and Children.

Amends the Internal Revenue Code to allow a business-related tax credit for 10% of the infant formula rebates paid or incurred under the special supplemental nutrition program for women, infants, and children.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6159 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6159

To amend the Internal Revenue Code of 1986 to allow a credit for infant 
 formula rebates paid under the Special Supplemental Nutrition Program 
                   for Women, Infants, and Children.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 22, 2010

Mr. Ellsworth 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 allow a credit for infant 
 formula rebates paid under the Special Supplemental Nutrition Program 
                   for Women, Infants, and Children.

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

SECTION 1. BUSINESS CREDIT FOR INFANT FORMULA REBATES PAID UNDER 
              SPECIAL SUPPLEMENTAL NUTRITION PROGRAM FOR WOMEN, 
              INFANTS, AND CHILDREN.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following new section:

``SEC. 45R. INFANT FORMULA REBATES PAID UNDER SPECIAL SUPPLEMENTAL 
              NUTRITION PROGRAM FOR WOMEN, INFANTS, AND CHILDREN.

    ``(a) General Rule.--For purposes of section 38, the infant formula 
rebate credit for any taxable year is an amount equal to 10 percent of 
the aggregate qualified infant formula rebates paid or incurred by the 
taxpayer during the taxable year.
    ``(b) Qualified Infant Formula Rebate.--For purposes of this 
section, the term `qualified infant formula rebate' means the rebate 
determined under the contract awarded as a result of a bid to a State 
agency in response to a rebate solicitation under section 17 of the 
Child Nutrition Act of 1966 (42 U.S.C. 1786).''.
    (b) Credit Allowed as Part of General Business Credit.--Section 
38(b) of such Code (defining current year business credit) is amended 
by striking ``plus'' at the end of paragraph (34), by striking the 
period at the end of paragraph (35) and inserting ``, plus'', and by 
adding at the end the following new paragraph:
            ``(36) the infant formula rebate credit determined under 
        section 45R.''.
    (c) Conforming Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 45R. Infant formula rebates paid under special supplemental 
                            nutrition program for women, infants, and 
                            children.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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