3.0.0 894 2023-01-11T13:34:58Z 2023-01-11T13:34:58Z House HR 2017-02-06 115 [Congressional Record Volume 163, Number 20 (Monday, February 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAULSEN:H.R. 894.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution.[Page H1013]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-02-06T17:02:50Z 2017-02-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-02-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-06 Introduced in House IntroReferral 1000 9 Library of Congress P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 N N000184 Rep. Noem, Kristi L. [R-SD-At Large] Kristi Noem R SD L. 0 2017-11-08 False Taxation Bank accounts, deposits, capital Charitable contributions Income tax exclusion Interest, dividends, interest rates Tax administration and collection, taxpayers Taxation 00 2017-02-06 Introduced in House 2017-02-14T14:39:13Z Interest for Others Act of 2017

This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 per year of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund.

Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives contributions and makes payments to charities under a program.

]]> Interest for Others Act of 2017 Display Title Interest for Others Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude from gross income certain interest and money market fund dividend income payments to charity and to modify the requirements relating to the reporting of such payments. Introduced in House IH Short Titles as Introduced Interest for Others Act of 2017 Introduced in House 2017-02-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr894ih/xml/BILLS-115hr894ih.xml 2017-02-06 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.