Feed the Community Act

Section 170(e)(3) of the Internal Revenue Code of 1986 is amended—

(1) in subparagraph (B)—

(A) by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively,

(B) by striking The reduction and inserting:

Except as provided in clause (ii), the reduction

(B) , and

(C) by adding at the end the following new clause:

In the case of qualified property described in subparagraph (C)(vii), at the election of the taxpayer, the reduction under paragraph (1)(A) with respect to such qualified property shall be no greater than 25 percent of the fair market value of such qualified property.

(2) in subparagraph (C)—

(A) in the heading, by inserting and qualified property after food inventory,

(B) in clause (i)—

(i) by inserting or qualified property after charitable contribution of food, and

(ii) in subclause (II), by inserting qualified property and, in the case of food, to after only to, and

(C) by adding at the end the following new clause:

For purposes of this subparagraph—

The term qualified property means fully functional food storage equipment or food transportation vehicles which are donated to an organization the primary mission of which is to serve, deliver, or otherwise provide food commodities, food items, or prepared and cooked meals to individuals and communities in need.

The term food storage equipment means—

(aa) an industrial or commercial grade refrigerator or freezer,

(bb) industrial racking, palette racks, or other commercial shelving used by the donee for dry or temperature-controlled food storage, or

(cc) inventory property or materials that aid in the receipt or storage of perishable foods, including freezer doors, insulated panels and other similar materials and equipment.

The term food transportation vehicle means a delivery truck, delivery van, trailer, or shipping container that is primarily used by the donee for the storage and transportation of food commodities or meals to individuals and communities in need.

(C) , and

(3) in subparagraph (D), by striking This paragraph and inserting Except in the case of qualified property described in subparagraph (C)(vii), this paragraph.

The amendments made by this section shall apply to taxable years beginning after December 31, 2024.