S. 2841 (111th): S Corporation Inventory Contribution Act of 2009

Introduced:
Dec 07, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Roland Burris [D-IL]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on December 7, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 07, 2009
Referred to Committee Dec 07, 2009
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to allow S corporations the deduction for charitable contribution of inventory.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Dec 07, 2009.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/7/2009--Introduced.
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.

House Republican Conference Summary

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House Democratic Caucus Summary

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