An original 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.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Charitable Agricultural Research Act
(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.
(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.
Introduced in Senate
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-19.
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-19.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 42.
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