Section 1 Short title
This Act may be cited as the “Charitable Agricultural Research Act”.
Charitable Agricultural Research Act
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.
Sec. 2 Deductibility of charitable contributions to agricultural research organizations
In general— Section 170(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking “or” at the end of clause (vii), by adding “or” at the end of clause (viii), 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 (7 U.S.C. 3103)) 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,”
Expenditures To influence legislation— Section 501(h)(4) 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),”
Effective date— The amendments made by this section shall apply to contributions made on and after the date of the enactment of this Act.