Bill Would Extend Deductions for Corporate Donations of Computers

Bill Would Extend Deductions for Corporate Donations of Computers
News story posted in Legislative by Marc Hoffman on 12 October 2012| comments
audience: National Publication | last updated: 12 October 2012
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Summary

House Ways and Means Committee member Fortney Pete Stark, D-CA., has introducted H.R. 6549, the Computers in Our Communities Act, that would extend the enhanced charitable deduction for corporate contributions of computers for educational purposes through 2013.

Published in Oct 2012

Full Text:

112TH CONGRESS
2D SESSION

H.R. 6549
 
To amend the Internal Revenue Code of 1986 to extend the
enhanced charitable deduction for corporate contributions
of computer inventory for educational purposes.

IN THE HOUSE OF REPRESENTATIVES

SEPTEMBER 21, 2012

Mr. STARK (for himself, Mr. PETERS, and Mr. LEWIS of Georgia)
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 the enhanced charitable deduction for corporate contributions of computer inventory for educational purposes.

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 "Computers in Our Communities Act".

SEC. 2. EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CORPORATE CONTRIBUTIONS OF COMPUTER INVENTORY FOR EDUCATIONAL PURPOSES.

(a) IN GENERAL. -- Subparagraph (G) of section 170(e)(6) of the Internal Revenue Code of 1986 is amended by striking "December 31, 2011" and inserting "December 31, 2013".

(b) EFFECTIVE DATE. -- The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2011. 

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