H.R. 4069 · 111th Congress
S Corporation Inventory Contribution Act of 2009
- Stage
- In committee
- Sponsor
- Phil Hare
- Introduced
- 2009-11-16
- Latest action
- 2009-11-16 · Introduced in House
Summary
S Corporation Inventory Contribution Act of 2009 - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of inventory to S corporations. Limits the amount of such deduction for corporations other than C corporations to 10% of aggregate net income.