Fair Treatment for All Gifts Act

Bill: 114-hr-1104
Sponsor: Rep. Roskam, Peter J. [R-IL-6]
Introduced: 2015-02-26 in the House
Policy area: Taxation
Subjects: Charitable contributions
Tax-exempt organizations
Transfer and inheritance taxes

Summary:
action_date: 2015-02-26
text: 

Fair Treatment for All Donations Act

 
This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues.

action_date: 2015-04-13
text: 

Fair Treatment for All Gifts Act

 
(Sec. 2) This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues. Declares that for purposes of the gift tax, a transfer of property to such organizations shall not be deemed to be a transfer by gift. 

action_date: 2015-04-15
text: 
(This measure has not been amended since it was reported to the House on April 13, 2015. The summary of that version is repeated here.)
 

Fair Treatment for All Gifts Act

 
(Sec. 2) This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues. Declares that for purposes of the gift tax, a transfer of property to such organizations shall not be deemed to be a transfer by gift. 


Legislative actions:
action_date: 2015-04-16
text: Received in the Senate and Read twice and referred to the Committee on Finance.
action_date: 2015-04-15
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2015-04-15
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2240)
action_date: 2015-04-15
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2240)
action_date: 2015-04-15
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1104.
action_date: 2015-04-15
text: Considered under suspension of the rules. (consideration: CR H2240-2241)
action_date: 2015-04-15
text: Mr. Ryan (WI) moved to suspend the rules and pass the bill, as amended.
action_date: 2015-04-13
text: Placed on the Union Calendar, Calendar No. 45.
action_date: 2015-04-13
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-64.
action_date: 2015-04-13
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-64.
action_date: 2015-03-25
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2015-03-25
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-02-26
text: Referred to the House Committee on Ways and Means.
action_date: 2015-02-26
text: Introduced in House
action_date: 2015-02-26
text: Introduced in House