```

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4454 Reported in House (RH)]

                                                 Union Calendar No. 318
113th CONGRESS
  2d Session
                                H. R. 4454

                          [Report No. 113-430]

 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.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2014

Mr. Reichert (for himself and Mr. Kind) introduced the following bill; 
         which was referred to the Committee on Ways and Means

                              May 2, 2014

                      Additional sponsor: Mr. Reed

                              May 2, 2014

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 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.

 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

<DELETED>SECTION 1. PERMANENT RULE REGARDING BASIS ADJUSTMENT TO STOCK 
              OF S CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF 
              PROPERTY.</DELETED>

<DELETED>    (a) In General.--Section 1367(a)(2) of the Internal 
Revenue Code of 1986 is amended by striking the last 
sentence.</DELETED>
<DELETED>    (b) Effective Date.--The amendment made by this section 
shall apply to contributions made in taxable years beginning after 
December 31, 2013.</DELETED>

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanent S Corporation Charitable 
Contributions Act of 2014''.

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, 
2013.
                                                 Union Calendar No. 318

113th CONGRESS

  2d Session

                               H. R. 4454

                          [Report No. 113-430]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                              May 2, 2014

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
```