Permanent S Corporation Charitable Contribution Act of 2015

H.R. 630 · 114th Congress · Jan 30, 2015 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property.

Section 1 Short title

This Act may be cited as the “Permanent S Corporation Charitable Contribution Act of 2015”.

Sec. 2 Permanent rule regarding basis adjustment to stock of S corporations making charitable contributions of property

(a)

In general— Section 1367(a)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence.

(b)

Effective date— The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2014.

Lineage

Jan 30, 2015viewing Reported in House Mr. Reichert (for himself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means See what changed
Jan 30, 2015 Introduced in House Mr. Reichert (for himself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means

Permanent S Corporation Charitable Contribution Act of 2015

Section 1 Short title

Sec. 2 Permanent rule regarding basis adjustment to stock of S corporations making charitable contributions of property

Cite this provision

Incoming references