The Federal Emerson Good Samaritan Food Donation Act?

Question

Have anyone heard about this Act?
I just got this information from food bank.

Basically, it said:
(1) This enhanced tax deduction is equal to the FMV or twice the taxpayer's cost or basis (whichever is lower) of the food dudection.
(2) The valuation for the deduction is either the basis of the item plus 1/2 the FMV or two times the basis, whichever is lower.
I've check IRS Code Sec. 170(e)(3). It doesn't help me.
I've read IRS Bulletin:2005-48 but it doesn't have example.

Can someone tell me the source document of this "The Federal Emerson Good Samaritan Food Donation Act".
Also, where can I find the IRS code with example.
Thank you very much.

Answer 1

Pres. Bill Clinton signed the bill into law on 10/1/96:

http://www.no-hunger.org/donate/goodsamaritan.htm
http://www.njfoodbank.org/donate/samaritan.html

Answer 2

I stay in Hawaii there are various undesirable human beings right here. sometime, I took my canines to the vet to get some drugs in Waikiki at community Animal Blue go place. I sat in there with another human beings waiting my turn. the female in the back of the counter go right into a argument with between the shoppers who did no longer have a good number of money (i think this female become a huge-unfold). besides the customer had the money for her canines pictures yet become short on money to get her canines drugs. She become approximately $11 short. the female in the back of the counter informed her she become going to call the police officers and issues have been given heated exceedingly straight away using fact the customer did no longer choose to offer returned the medicine. So, I stood up and gave the female something of the money that the female did no longer have. That become seen a great Samaritan act however I did it no longer for interest, I did it out of the kindness of my heart using fact I observed a difficulty that i ought to help so I helped.

Answer 3

I googled this, and sure don't see anything about taking twice the FMV or two times the basis for a deduction - its purpose seems to be to protect the donor from liability in limited circumstances.