Permanent IRA Charitable Contribution Act of 2015

H.R. 637 · 114th Congress · Feb 2, 2015 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the rule allowing certain tax-free distributions from individual retirement accounts for charitable purposes.

Section 1 Short title

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

Sec. 2 Rule allowing certain tax-free distributions from individual retirement accounts for charitable purposes made permanent

(a)

In general— Section 408(d)(8) of the Internal Revenue Code of 1986 is amended by striking subparagraph (F).

(b)

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

Sec. 3 Budgetary effects

The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.

Lineage

Feb 2, 2015viewing Reported in House Mr. Schock (for himself and Mr. Blumenauer) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned See what changed
Feb 2, 2015 Introduced in House Mr. Schock (for himself and Mr. Blumenauer) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

Permanent IRA Charitable Contribution Act of 2015

Section 1 Short title

Sec. 2 Rule allowing certain tax-free distributions from individual retirement accounts for charitable purposes made permanent

Sec. 3 Budgetary effects

Cite this provision

Incoming references