3.0.0 2916 2023-01-11T13:37:50Z 2023-01-11T13:37:50Z House HR 2017-06-15 115 [Congressional Record Volume 163, Number 102 (Thursday, June 15, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KELLY of Pennsylvania:H.R. 2916.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Article I Section8 of the United States Constitution.[Page H4938]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-06-15T14:02:50Z Protecting Charitable Contributions Act of 2017 115 587 S 2017-03-09 Read twice and referred to the Committee on Finance. Related bill CRS Charities Helping Americans Regularly Throughout the Year Act of 2017 115 1343 S 2017-06-13 Read twice and referred to the Committee on Finance. Identical bill CRS To amend the Internal Revenue Code of 1986 to require electronic filing of the annual returns of exempt organizations and provide for making such returns available for public inspection. 115 5443 HR 2018-04-18 Pursuant to the provisions of H. Res. 831, H.R. 5443 is laid on the table. 18:24:27 Related bill CRS 2017-06-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-06-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-06-15 Introduced in House IntroReferral 1000 9 Library of Congress K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2017-06-15 True D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2017-07-20 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2018-05-07 False Taxation Business investment and capital Charitable contributions Employee benefits and pensions Financial services and investments Income tax deductions Income tax exclusion Sales and excise taxes Social work, volunteer service, charitable organizations Tax administration and collection, taxpayers Tax-exempt organizations Taxation 00 2017-06-15 Introduced in House 2017-10-27T18:47:28Z Charities Helping Americans Regularly Throughout the Year Act of 2017

This bill amends the Internal Revenue Code to modify several tax provisions affecting charitable contributions and tax-exempt organizations.

The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and the rate may not be less than the rate for medical purposes (17 cents per mile for 2017).

The bill modifies the substantiation requirements for charitable contributions to eliminate an exemption for contributions that are reported on a return filed by a tax-exempt organization.

Tax-exempt organizations must file their returns in electronic form.

The bill excludes from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor-advised fund (DAF). The bill also modifies disclosure requirements for DAFs.

(A DAF is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.)

The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements.

The bill exempts certain philanthropic business holdings from the tax on excess business holdings of private foundations if a foundation meets requirements for exclusive ownership, donating all profits to charity, and independent operation.

]]> Charities Helping Americans Regularly Throughout the Year Act of 2017 Display Title Charities Helping Americans Regularly Throughout the Year Act of 2017 Official Title as Introduced To amend the Internal Revenue Code to extend and modify certain charitable tax provisions. Introduced in House IH Short Titles as Introduced Charities Helping Americans Regularly Throughout the Year Act of 2017 Introduced in House 2017-06-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2916ih/xml/BILLS-115hr2916ih.xml 2017-06-15 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.