S 194
105th Congress
Senate
Taxation
Charitable contributions
Excise tax
Finance and Financial Sector
Foundations
Gifts
Income tax
Personal income tax
Social Welfare
Stocks
Tax administration
Tax deductions
Tax penalties
Tax-exempt organizations
Withholding tax
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: January 22, 1997
See on congress.gov
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1