3.0.0 2534 2019-11-15T21:48:28Z 2019-11-15T21:48:28Z House H HR 2005-05-23 109 hswm00 Ways and Means Committee House Standing Referred to 2005-05-23T16:30:30Z Personal Philanthropy Account Act of 2006 109 2688 S 2006-05-01 Read twice and referred to the Committee on Finance. Related bill CRS Personal Philanthropy Account Act of 2006 109 3881 S 2006-09-08 Read twice and referred to the Committee on Finance. Related bill CRS 2005-05-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-05-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-05-23 Introduced in House IntroReferral 1000 9 Library of Congress D000168 Rep. Deal, Nathan [R-GA-10] NATHAN DEAL R GA 10 N P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2005-07-25 False R000004 Rep. Radanovich, George [R-CA-19] GEORGE RADANOVICH R CA P. 19 2005-07-25 False D000605 Rep. Drake, Thelma D. [R-VA-2] Thelma Drake R VA D. 2 2005-07-27 False H000444 Rep. Hefley, Joel [R-CO-5] JOEL HEFLEY R CO 5 2006-02-28 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2006-03-07 False F000238 Rep. Foley, Mark [R-FL-16] MARK FOLEY R FL 16 2006-03-15 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2006-03-28 False Taxation Charitable contributions Charities Employee benefit plans Government Operations and Politics Government paperwork Income tax Labor and Employment Law Self-employed Tax deductions Tax exclusion Tax penalties Tax returns Trusts and trustees Taxation 00 2005-05-23 Introduced in House 2005-06-09T20:55:19Z Personal Philanthropy Account Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction (whether or not the taxpayer itemizes deductions) for cash contributions to a personal philanthropy account. Defines "personal philanthropy account" as a tax-exempt trust created to make distributions for charitable purposes. Sets forth rules providing for default charitable distributions in the event of an account holder's death and minimum annual distribution requirements.

Allows an exclusion from the gross income of an employee for contributions made by an employer to the employee's personal philanthropy account.

]]> Personal Philanthropy Account Act of 2005 Short Titles as Introduced Personal Philanthropy Account Act of 2005 Display Title Personal Philanthropy Account Act of 2005 Official Title as Introduced To amend the Internal Revenue Code of 1986 to encourage private philanthropy. Introduced in House 2005-05-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr2534ih/xml/BILLS-109hr2534ih.xml 2005-05-23 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.