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HR 3188 116th Congress House Taxation Charitable contributions Corporate finance and management Income tax deductions Public utilities and utility rates

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

Introduced: June 10, 2019 Introduced by: Thompson, Mike Democratic · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2019
Referred to the House Committee on Ways and Means.
Jun 10, 2019
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.

What's happening now June 10, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1