Charitable Agricultural Research Act

Bill: 113-s-1280
Sponsor: full_name: Sen. Stabenow, Debbie [D-MI]
Introduced: 2013-07-11
Policy area: Taxation
Subjects: Agricultural research

Charitable contributions

Higher education

Income tax deductions

Public participation and lobbying

Social work, volunteer service, charitable organizations

Tax-exempt organizations
Latest action: action_date: 2013-07-11
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-07-11
action_desc: Introduced in Senate
text: <p>Charitable Agricultural Research Act - Amends the Internal Revenue Code to: (1) allow a tax deduction for a charitable contribution to an agricultural research organization directly engaged in the continuous active conduct of agricultural research, and (2) make prohibitions against expenditures to influence legislation applicable to such organizations.</p>

tv_txt: II 113th CONGRESS 1st Session S. 1280 IN THE SENATE OF THE UNITED STATES July 11, 2013 Ms. Stabenow (for herself, Mr. Thune , Mr. Blunt , Mr. Cochran , Mr. Coons , Mr. Inhofe , Ms. Klobuchar , and Mr. Wyden ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to agricultural research organizations, and for other purposes.

1. Short title This Act may be cited as the Charitable Agricultural Research Act . 2. Deductibility of charitable contributions to agricultural research organizations (a) In general Subparagraph (A) of section 170(b)(1) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (vii), by striking the comma at the end of clause (viii) and inserting , or , and by inserting after clause (viii) the following new clause: (ix) an agricultural research organization directly engaged in the continuous active conduct of agricultural research (as defined in section 1404 of the Agricultural Research, Extension, and Teaching Policy Act of 1977) in conjunction with a land-grant college or university (as defined in such section) or a non-land grant college of agriculture (as defined in such section), and during the calendar year in which the contribution is made such organization is committed to spend such contribution for such research before January 1 of the fifth calendar year which begins after the date such contribution is made, . (b) Expenditures To influence legislation Paragraph (4) of section 501(h) of the Internal Revenue Code of 1986 is amended by redesignating subparagraphs (E) and (F) as subparagraphs (F) and (G), respectively, and by inserting after subparagraph (D) the following new subparagraph: (E) section 170(b)(1)(A)(ix) (relating to agricultural research organizations), . (c) Effective date The amendments made by this section shall apply to contributions made on and after the date of the enactment of this Act.