Charitable Agricultural Research Act

Bill: 114-s-908
Sponsor: full_name: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2015-04-14
Policy area: Taxation
Subjects: Agricultural research

Charitable contributions

Debt collection

Higher education

Income tax deductions

Medicare

Public participation and lobbying

Social work, volunteer service, charitable organizations

Tax administration and collection, taxpayers

Tax-exempt organizations
Latest action: action_date: 2015-04-14
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 42.

Summaries:
action_date: 2015-04-14
action_desc: Introduced in Senate
text: <p><strong>Charitable Agricultural Research Act</strong> </p> <p>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, (2) make prohibitions against expenditures to influence legislation applicable to such organizations, and (3) increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes.</p>

action_date: 2015-04-14
action_desc: Reported to Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><strong>Charitable Agricultural Research Act</strong></p> <p>(Sec. 2) 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> <p>(Sec. 3) Increases from 30% to 35% the rate of the continuous levy on payments made after 180 days after the enactment of this Act to Medicare providers and suppliers for unpaid taxes. </p>

tv_txt: II Calendar No. 42 114th CONGRESS 1st Session S. 908 [Report No. 114–19] IN THE SENATE OF THE UNITED STATES April 14, 2015 Mr. Hatch , from the Committee on Finance , reported the following original bill; which was read twice and placed on the calendar 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. 3. Increase in continuous levy for Medicare providers and suppliers (a) In general Paragraph (3) of section 6331(h) of the Internal Revenue Code of 1986 is amended by striking 30 percent and inserting 35 percent . (b) Effective date The amendment made by this section shall apply to payments made after 180 days after the date of the enactment of this Act.

April 14, 2015 Read twice and placed on the calendar