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S. Rept. 114-19 1 (2015-04-14)

handle is hein.congrecreports/crptxsej0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 42 114TH CONGRESS REPORT 1st Session SENATE 114-19 CHARITABLE AGRICULTURAL RESEARCH ACT APRIL 14, 2015.-Ordered to be printed Mr. HATCH, from the Committee on Finance, submitted the following REPORT [To accompany S. 908] The Committee on Finance, having considered an original bill, S. 908, to amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to agricultural research or- ganizations, and for other purposes, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. CONTENTS Page I. LEGISLATIVE BACKGROUND .................................................................. 1 II. EXPLANATION OF THE BILL ................................................................... 2 A. Provide Special Rules Concerning Charitable Contributions to, and Public Charity Status of, Agricultural Research Organiza- tions (sec. 2 of the bill and secs. 170(b) and 501(h) of the Code) ... 2 B. Increase Continuous Levy Authority on Payments to Medicare Providers and Suppliers (sec. 3 of the bill and sec. 6331(h) of th e C ode) ............................................................................................ . 5 III. BUDGET EFFECTS OF THE BILL .......................................................... 7 IV. VOTES OF THE COMMITTEE .................................................................... 9 V. REGULATORY IMPACT AND OTHER MATTERS ................................... 9 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 10 I. LEGISLATIVE BACKGROUND The Committee on Finance, having considered S. 908, the Chari- table Agricultural Research Act, to amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contribu- tions to agricultural research organizations, and for other purposes, reports favorably thereon without amendment and recommends that the bill do pass. 49-010

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