Bill Would Provide Tax Credit for Transportation of Food for Charitable Purposes

Bill Would Provide Tax Credit for Transportation of Food for Charitable Purposes

News story posted in Legislative on 19 October 2011| comments
audience: National Publication | last updated: 19 October 2011
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Summary

Rep. James P. McGovern, D-Mass., has introduced H.R. 3177, the Hunger Relief Trucking Tax Credit Act, that would provide a tax credit for the transportation of food for charitable purposes.

Citation: H.R. 3177; Hunger Relief Trucking Tax Credit Act

Full Text:

112TH CONGRESS
1ST SESSION

H.R. 3177

To amend the Internal Revenue Code of 1986 to provide a tax
credit for the transportation of food for charitable purposes.

IN THE HOUSE OF REPRESENTATIVES

OCTOBER 13, 2011

Mr. MCGOVERN (for himself and Mrs. EMERSON)
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 provide a tax credit for the transportation of food for charitable 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 "Hunger Relief Trucking Tax Credit Act".

SEC. 2. CREDIT FOR TRANSPORTATION OF FOOD FOR CHARITABLE PURPOSES.

(a) IN GENERAL. -- Subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

"SEC. 30E. CREDIT FOR TRANSPORTATION OF FOOD FOR CHARITABLE PURPOSES.

"(a) ALLOWANCE OF CREDIT. -- There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 25 cents for each mile for which the taxpayer uses qualified transportation property for a qualified charitable purpose during the taxable year.

"(b) QUALIFIED CHARITABLE PURPOSE. -- For purposes of this section, the term 'qualified charitable purpose' means the transportation of food in connection with the hunger relief efforts of an organization which is described in section 501(c)(3) and is exempt from taxation under section 501(a) (other than a private foundation, as defined in section 509(a), which is not an operating foundation, as defined in section 4942(j)(3)).

"(c) QUALIFIED TRANSPORTATION PROPERTY. -- For purposes of this section, the term 'qualified transportation property' means any trailer, semitrailer (with or without tractor), container, van, medium or light truck, or other property-carrying unit which --

"(1) does not exceed 53 feet in length and 80,000 pounds in gross weight,

"(2) is owned, leased, or operated by the taxpayer, and

"(3) is ordinarily used for hauling property in the course of a business.

"(d) OTHER RULES. --

"(1) DENIAL OF DOUBLE BENEFIT. -- No credit shall be allowed under this section with respect to any amount for which a deduction is allowed under any other provision of this chapter.

"(2) NO CREDIT WHERE TAXPAYER IS COMPENSATED. -- No credit shall be allowed under this section if the taxpayer receives compensation in connection with the use of the qualified transportation property for the qualified charitable purpose.

"(3) CAPACITY REQUIREMENT. -- No credit shall be allowed under this section unless at least 50 percent of the hauling capacity of the qualified transportation property (measured in cubic square feet) is used for the qualified charitable purpose.".

(b) CONFORMING AMENDMENT. -- The table of sections for subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

"Sec. 30E. Credit for transportation of food for charitable purposes.".

(c) EFFECTIVE DATE. -- The amendments made by this section shall apply to taxable years ending after December 31, 2010. 

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