Bill
Bill > HR3944
US HR3944
US HR3944To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes.
summary
Introduced
01/28/2014
01/28/2014
In Committee
01/28/2014
01/28/2014
Crossed Over
Passed
Dead
01/03/2015
01/03/2015
Introduced Session
113th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to extend for one year tax-free distributions from individual retirement plans for charitable purposes.
AI Summary
This bill extends for one year the provision allowing individuals to make tax-free distributions from their individual retirement plans, also known as IRAs, directly to qualified charities. The Internal Revenue Code of 1986, which governs federal tax laws, currently permits this tax benefit, and this legislation proposes to push back the expiration date of this provision from December 31, 2013, to December 31, 2014, meaning it will apply to charitable donations made from IRAs during taxable years beginning after December 31, 2013.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 01/28/2014)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/113th-congress/house-bill/3944/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113hr3944ih/pdf/BILLS-113hr3944ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113hr3944ih/pdf/BILLS-113hr3944ih.pdf.pdf |
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