Reps. Panetta, Smith Introduce Bipartisan Legislation to Incentivize Charitable Donations, Decrease Food Waste During Pandemic
November 26, 2020
November 26, 2020
SALINAS, California, Nov. 26 -- Rep. Jimmy Panetta, D-California, issued the following news release on Nov. 25:
Yesterday, Congressman Jimmy Panetta (D-Carmel Valley) and Congressman Adrian Smith (R-Nebraska) introduced the bipartisan Preserving Charitable Incentives Act to temporarily eliminate tax incentives to destroy property rather than donate goods to charity during the COVID-19 pandemic. The legislation increases the cap for charitable tax deductions to incentivize companies . . .
Yesterday, Congressman Jimmy Panetta (D-Carmel Valley) and Congressman Adrian Smith (R-Nebraska) introduced the bipartisan Preserving Charitable Incentives Act to temporarily eliminate tax incentives to destroy property rather than donate goods to charity during the COVID-19 pandemic. The legislation increases the cap for charitable tax deductions to incentivize companies . . .