Skip to main content
S 1159 114th Congress Senate Taxation Charitable contributions Employee benefits and pensions Income tax exclusion Social work, volunteer service, charitable organizations

Public Good IRA Rollover Act of 2015

Introduced: April 30, 2015 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2015
Read twice and referred to the Committee on Finance.
Apr 30, 2015
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Public Good IRA Rollover Act of 2015

Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

What's happening now April 30, 2015

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5171 Related bill Legacy IRA Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Collins, Susan M.
Maine · Apr 30, 2015
 D
Gillibrand, Kirsten E.
New York · Apr 30, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1159: Public Good IRA Rollover Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1159/
MLA
"S. 1159: Public Good IRA Rollover Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1159/.
Bluebook (legal)
S. 1159, 114th Cong. (2026), https://openamerica.io/bill/114-S-1159/.
Markdown link
[S. 1159: Public Good IRA Rollover Act of 2015](https://openamerica.io/bill/114-S-1159/)
Report a problem