SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘America Gives More 
Act of 2014’’. 
SEC. 2. EXTENSION AND EXPANSION OF CHARITABLE DE-
DUCTION FOR CONTRIBUTIONS OF FOOD IN-
VENTORY. 
(a) PERMANENT EXTENSION.—Section 170(e)(3)(C) 
of the Internal Revenue Code of 1986 is amended by strik-
ing clause (iv). 
(b) INCREASE IN LIMITATION.—Section 170(e)(3)(C) 
of such Code, as amended by subsection (a), is amended 
by striking clause (ii), by redesignating clause (iii) as 
clause (iv), and by inserting after clause (i) the following 
new clauses: 
‘‘(ii) 
LIMITATION.—The 
aggregate 
amount of such contributions for any tax-
able year which may be taken into account 
under this section shall not exceed— 
‘‘(I) in the case of any taxpayer 
other than a C corporation, 15 per-
cent of the taxpayer’s aggregate net 
income for such taxable year from all 
trades or businesses from which such 
contributions were made for such 
year, computed without regard to this 
section, and
‘‘(II) in the case of a C corpora-
tion, 15 percent of taxable income (as 
defined in subsection (b)(2)(D)). 
‘‘(iii) RULES
RELATED
TO
LIMITA-
TION.— 
‘‘(I) CARRYOVER.—If such aggre-
gate amount exceeds the limitation 
imposed under clause (ii), such excess 
shall be treated (in a manner con-
sistent with the rules of subsection 
(d)) as a charitable contribution de-
scribed in clause (i) in each of the 5 
succeeding years in order of time. 
‘‘(II) COORDINATION WITH OVER-
ALL CORPORATE LIMITATION.—In the 
case of any charitable contribution al-
lowable under clause (ii)(II), sub-
section (b)(2)(A) shall not apply to 
such contribution, but the limitation 
imposed by such subsection shall be 
reduced (but not below zero) by the 
aggregate amount of such contribu-
tions. For purposes of subsection 
(b)(2)(B), such contributions shall be
treated as allowable under subsection 
(b)(2)(A).’’. 
(c) DETERMINATION OF BASIS FOR CERTAIN TAX-
PAYERS.—Section 170(e)(3)(C) of such Code, as amended 
by subsections (a) and (b), is amended by adding at the 
end the following new clause: 
‘‘(v) DETERMINATION OF BASIS FOR 
CERTAIN TAXPAYERS.—If a taxpayer— 
‘‘(I) does not account for inven-
tories under section 471, and 
‘‘(II) is not required to capitalize 
indirect costs under section 263A, 
the taxpayer may elect, solely for purposes 
of subparagraph (B), to treat the basis of 
any apparently wholesome food as being 
equal to 25 percent of the fair market 
value of such food.’’. 
(d) DETERMINATION OF FAIR MARKET VALUE.— 
Section 170(e)(3)(C) of such Code, as amended by sub-
sections (a), (b), and (c), is amended by adding at the 
end the following new clause: 
‘‘(vi) DETERMINATION OF FAIR MAR-
KET VALUE.—In the case of any such con-
tribution of apparently wholesome food 
which cannot or will not be sold solely by
reason of internal standards of the tax-
payer, lack of market, or similar cir-
cumstances, or by reason of being pro-
duced by the taxpayer exclusively for the 
purposes of transferring the food to an or-
ganization described in subparagraph (A), 
the fair market value of such contribution 
shall be determined— 
‘‘(I) without regard to such inter-
nal standards, such lack of market, 
such circumstances, or such exclusive 
purpose, and 
‘‘(II) by taking into account the 
price at which the same or substan-
tially the same food items (as to both 
type and quality) are sold by the tax-
payer at the time of the contribution 
(or, if not so sold at such time, in the 
recent past).’’. 
(e) EFFECTIVE DATE.— 
(1) IN
GENERAL.—Except as otherwise pro-
vided in this subsection, the amendments made by 
this section shall apply to contributions made after 
December 31, 2013, in taxable years ending after 
such date.
(2) LIMITATION; APPLICABILITY TO C CORPORA-
TIONS.—The amendments made by subsection (b) 
shall apply to contributions made in taxable years 
beginning after December 31, 2013. 
SEC. 3. RULE ALLOWING CERTAIN TAX-FREE DISTRIBU-
TIONS FROM INDIVIDUAL RETIREMENTS AC-
COUNTS FOR CHARITABLE PURPOSES MADE 
PERMANENT. 
(a) IN GENERAL.—Section 408(d)(8) of the Internal 
Revenue Code of 1986 is amended by striking subpara-
graph (F). 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to distributions made in taxable 
years beginning after December 31, 2013. 
SEC. 4. SPECIAL RULE FOR QUALIFIED CONSERVATION 
CONTRIBUTIONS MODIFIED AND MADE PER-
MANENT. 
(a) MADE PERMANENT.— 
(1) INDIVIDUALS.—Subparagraph (E) of sec-
tion 170(b)(1) of the Internal Revenue Code of 1986 
is amended by striking clause (vi). 
(2) CORPORATIONS.—Subparagraph (B) of sec-
tion 170(b)(2) of such Code is amended by striking 
clause (iii).
(b) CONTRIBUTIONS OF CAPITAL GAIN REAL PROP-
ERTY MADE FOR CONSERVATION PURPOSES BY NATIVE 
CORPORATIONS.— 
(1) IN
GENERAL.—Paragraph (2) of section 
170(b) of the Internal Revenue Code of 1986 is 
amended by redesignating subparagraph (C) as sub-
paragraph (D), and by inserting after subparagraph 
(B) the following new subparagraph: 
‘‘(C) 
QUALIFIED
CONSERVATION
CON-
TRIBUTIONS
BY
CERTAIN
NATIVE
CORPORA-
TIONS.— 
‘‘(i) IN GENERAL.—Any qualified con-
servation contribution (as defined in sub-
section (h)(1)) which— 
‘‘(I) is made by a Native Cor-
poration, and 
‘‘(II) is a contribution of prop-
erty which was land conveyed under 
the Alaska Native Claims Settlement 
Act, 
shall be allowed to the extent that the ag-
gregate amount of such contributions does 
not exceed the excess of the taxpayer’s tax-
able income over the amount of charitable
the Alaska Native Claims Settlement Act) under 
such Act. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to contributions made in taxable 
years beginning after December 31, 2013. 
SEC. 5. EXTENSION OF TIME FOR MAKING CHARITABLE 
CONTRIBUTIONS. 
(a) IN GENERAL.—Subsection (a) of section 170 of 
the Internal Revenue Code of 1986 is amended by redesig-
nating paragraphs (2) and (3) as paragraphs (3) and (4), 
respectively, and by inserting after paragraph (1) the fol-
lowing new paragraph: 
‘‘(2) TREATMENT OF CHARITABLE CONTRIBU-
TIONS MADE BY INDIVIDUALS BEFORE DUE DATE OF 
RETURN.—If any charitable contribution is made by 
an individual after the close of a taxable year but 
not later than the due date (determined without re-
gard to extensions) for the return of tax for such 
taxable year, then the taxpayer may elect to treat 
such charitable contribution as made in such taxable 
year. Such election shall be made at such time and 
in such manner as the Secretary may provide. For 
purposes of this paragraph, an individual’s distribu-
tive share of a partnership’s charitable contribution, 
and an individual’s pro rata share of an S corpora-
tion’s charitable contribution, shall not be treated as 
charitable contributions made by such individual.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to elections made with respect to 
taxable years beginning after December 31, 2013. 
SEC. 6. MODIFICATION OF THE TAX RATE FOR THE EXCISE 
TAX ON INVESTMENT INCOME OF PRIVATE 
FOUNDATIONS. 
(a) IN GENERAL.—Section 4940(a) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘2 percent’’ 
and inserting ‘‘1 percent’’. 
(b) ELIMINATION OF REDUCED TAX WHERE FOUN-
DATION
MEETS
CERTAIN
DISTRIBUTION
REQUIRE-
MENTS.—Section 4940 of such Code is amended by strik-
ing subsection (e). 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 7. BUDGETARY EFFECTS. 
(a) STATUTORY PAY-AS-YOU-GO SCORECARDS.—The 
budgetary effects of this Act shall not be entered on either 
PAYGO scorecard maintained pursuant to section 4(d) of 
the Statutory Pay-As-You-Go Act of 2010. 
(b) SENATE PAYGO SCORECARDS.—The budgetary 
effects of this Act shall not be entered on any PAYGO
scorecard maintained for purposes of section 201 of S. 
Con. Res. 21 (110th Congress). 
Passed the House of Representatives July 17, 2014. 
Attest: 
Clerk.
113TH CONGRESS 
2D SESSION 
H. R. 4719 
AN ACT 
To amend the Internal Revenue Code of 1986 to 
permanently extend and expand the charitable 
deduction for contributions of food inventory.