113 HR 4454 IH: To amend the Internal Revenue Code of 1986 to make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property. U.S. House of Representatives 2014-04-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4454 IN THE HOUSE OF REPRESENTATIVES April 10, 2014 Mr. Reichert (for himself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property.

1.

Permanent rule regarding basis adjustment to stock of S corporations making charitable contributions of property

(a)

In general

Section 1367(a)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence. (b)

Effective date

The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2013.