S 1412
105th Congress
Senate
Taxation
Business income tax
Charitable contributions
Charities
Commerce
Corporate liquidations
Corporation taxes
Finance and Financial Sector
Income tax
Social Welfare
Stocks
Tax-exempt organizations
Unrelated business income tax
Charitable Giving Incentive Act
Introduced: November 7, 1997
See on congress.gov
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
Plain-English summary
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.
What's happening now
Sponsor introductory remarks on measure. (CR S12828-12829)
Committees of jurisdiction
1
Cosponsors
1