Permanent IRA Charitable Contribution Act of 2014

Bill: 113-hr-4619
Sponsor: full_name: Rep. Schock, Aaron [R-IL-18]
Introduced: 2014-05-08
Policy area: Taxation
Subjects: Charitable contributions

Employee benefits and pensions

Income tax exclusion

Social work, volunteer service, charitable organizations
Latest action: action_date: 2014-06-26
text: Placed on the Union Calendar, Calendar No. 369.

Summaries:
action_date: 2014-05-08
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts (IRAs) for charitable purposes. </p>

action_date: 2014-06-26
action_desc: Reported to House with amendment(s)
text: <p>Permanent IRA Charitable Contribution Act of 2014 - Amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts (IRAs) for charitable purposes. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4619 IN THE HOUSE OF REPRESENTATIVES May 8, 2014 Mr. Schock (for himself and Mr. Blumenauer ) 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 make permanent the rule allowing certain tax-free distributions from individual retirement accounts for charitable purposes.

1. Rule allowing certain tax-free distributions from individual retirements 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, 2013.

tv_txt: IB Union Calendar No. 369 113th CONGRESS 2d Session H. R. 4619 [Report No. 113–496] IN THE HOUSE OF REPRESENTATIVES May 8, 2014 Mr. Schock (for himself and Mr. Blumenauer ) introduced the following bill; which was referred to the Committee on Ways and Means June 26, 2014 Additional sponsors: Mr. Kelly of Pennsylvania , Mr. Young of Indiana , Mr. Tiberi , Mr. Reichert , Mr. Reed , Mr. Price of Georgia , Mr. Stivers , and Mrs. Brooks of Indiana June 26, 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 the rule allowing certain tax-free distributions from individual retirement accounts for charitable purposes.

1. Rule allowing certain tax-free distributions from individual retirements 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, 2013.

1. Short title This Act may be cited as the Permanent IRA Charitable Contribution Act of 2014 . 2. Rule allowing certain tax-free distributions from individual retirements 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, 2013.

June 26, 2014 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed