[
Approved by
Governor
September 18, 2012.
Filed with
Secretary of State
September 18, 2012.
]
LEGISLATIVE COUNSEL'S DIGEST
AJR 19, Hall.
Federal taxation.
This measure would urge the Congress of the United States to enact HR 3729 or S 166 to permanently extend and expand the federal charitable tax deduction for contributions of food inventory.
Digest Key
Fiscal Committee:
NO
Bill Text
WHEREAS, The most recent food insecurity data released by the United States Department of Agriculture in 2011 shows that nearly 49 million people are at risk of hunger today in America; and
WHEREAS, At the same time, billions of pounds of food are wasted each year; and
WHEREAS, Since 1976, the United States Congress has permitted a federal food donation tax deduction to taxpayers that are “C” corporations that donate food products to charities in need across the country; and
WHEREAS, This enhanced deduction was temporarily expanded to taxpayers without regard to whether the taxpayer was a “C” corporation, such as small businesses and farmers in 2005, with two-year extensions granted in 2006, 2008, and 2010; and
WHEREAS, This enhanced deduction for taxpayers without regard to whether the taxpayer was a “C” corporation expired at the end of 2011 and is currently up for permanent reauthorization in HR 3729 and S 166; and
WHEREAS, This enhanced deduction encourages the donating of excess food to charity, by helping to offset the costs associated with storing and transporting the excess food; and
WHEREAS, Permanent reauthorization of the enhanced deduction for taxpayers without regard to whether the taxpayer was a “C” corporation is needed to maximize the potential donation opportunity; now, therefore, be it
Resolved by the Assembly and the Senate of the State of California, jointly, That the Legislature respectfully urges the Congress of the United States to enact HR 3729 or S 166 to permanently extend and expand the federal charitable tax deduction for contributions of food inventory; and be it further
Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to each Senator and Representative from California in the Congress of the United States.