To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes.

Bill: 113-hr-3944
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-01-28
Policy area: Taxation
Subjects: Charitable contributions

Employee benefits and pensions

Income tax exclusion

Social work, volunteer service, charitable organizations
Latest action: action_date: 2014-01-28
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-01-28
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to extend through 2014 the exclusion from gross income, for income tax purposes, of distributions from individual retirement accounts (IRAs) for charitable purposes. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3944 IN THE HOUSE OF REPRESENTATIVES January 28, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes.

1. Extension of tax-free distributions from individual retirement plans for charitable purposes (a) In general Subparagraph (F) of section 408(d)(8) of the Internal Revenue Code of 1986 is amended by striking December 31, 2013 and inserting December 31, 2014 . (b) Effective date The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2013.