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S 1412 105th Congress Senate

Charitable Giving Incentive Act

Official title: A bill to amend the Internal Revenue Code of 1986 to permit certain tax free corporate liquidations into a 501(c)(3) organization and to revise the unrelated b… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to permit certain tax free corporate liquidations into a 501(c)(3) organization and to revise the unrelated business income tax rules regarding receipt of debt-financed property in such a liquidation.

Introduced: November 7, 1997 See on congress.gov
Taxation Business income taxCharitable contributionsCharitiesCommerce
More subjectsShow fewer subjects
Corporate liquidationsCorporation taxesFinance and Financial SectorIncome taxSocial WelfareStocksTax-exempt organizationsUnrelated business income tax
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 1998
Sponsor introductory remarks on measure. (CR S12828-12829)
Nov 7, 1997
Read twice and referred to the Committee on Finance.
Nov 7, 1997
Sponsor introductory remarks on measure. (CR S11996-11997)
Nov 7, 1997
Introduced in Senate
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 Latest action October 21, 1998

Sponsor introductory remarks on measure. (CR S12828-12829)

 Plain-English summary Congressional Research Service

Charitable Giving Incentive Act - Amends the Internal Revenue Code to allow certain tax-free liquidations from a closely held corporation into a tax-exempt organization. Revises unrelated business income provisions regarding property acquired subject to a mortgage with respect to such a liquidation.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Nov 7, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1412: Charitable Giving Incentive Act. 105th Congress. Open America. https://openamerica.io/bill/105-S-1412/
MLA
"S. 1412: Charitable Giving Incentive Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1412/.
Bluebook (legal)
S. 1412, 105th Cong. (2026), https://openamerica.io/bill/105-S-1412/.
Markdown link
[S. 1412: Charitable Giving Incentive Act](https://openamerica.io/bill/105-S-1412/)
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