To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions.

H.R. 4016 · 114th Congress · Nov 16, 2015 · Lineage

A BILL

(a)

In general— Section 170(d)(2)(A) of the Internal Revenue Code of 1986 is amended—

(1)

by striking “5 succeeding taxable years” and inserting “20 succeeding taxable years”, and

(2)

by striking “the second, third, fourth, or fifth” and inserting “each of the second through twentieth”.

(b)

Effective date— The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2009.