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S 194 105th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly-traded stock to certain private foundations and for other purposes.

Introduced: March 5, 1997 See on congress.gov
Taxation Charitable contributionsExcise taxFinance and Financial SectorFoundations
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GiftsIncome taxPersonal income taxSocial WelfareStocksTax administrationTax deductionsTax penaltiesTax-exempt organizationsWithholding 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 1997
Read twice and referred to the Committee on Finance.
Jan 22, 1997
Sponsor introductory remarks on measure. (CR S648-650)
Jan 22, 1997
Introduced in Senate
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 Latest action January 22, 1997

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to make permanent the special rules for gifts of qualified appreciated stock to certain tax-exempt private foundations for purposes of the itemized deduction of charitable contributions.

Includes grants to certain foreign organizations as qualified distributions by private foundations for purposes of the tax on failure to distribute income.

Changes the due date for first quarter estimated tax payments by private foundations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Mar 5, 1997
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APA
U.S. Congress. (2026). S. 194: A bill to amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly-traded stock to certain private foundations and for other purposes.. 105th Congress. Open America. https://openamerica.io/bill/105-S-194/
MLA
"S. 194: A bill to amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly-traded stock to certain private foundations and for other purposes.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-194/.
Bluebook (legal)
S. 194, 105th Cong. (2026), https://openamerica.io/bill/105-S-194/.
Markdown link
[S. 194: A bill to amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly-traded stock to certain private foundations and for other purposes.](https://openamerica.io/bill/105-S-194/)
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