3.0.0 1817 2023-01-11T13:38:35Z 2023-01-11T13:38:35Z Senate S 2017-09-14 115 ssfi00 Finance Committee Senate Standing Referred to 2017-09-14T20:36:54Z 2017-09-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-09-14 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2017-09-14 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2017-09-14 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-09-14 True Taxation Charitable contributions Employee benefits and pensions Income tax exclusion Social work, volunteer service, charitable organizations Taxation 00 2017-09-14 Introduced in Senate 2018-03-09T19:20:15Z Public Good IRA Rollover Act of 2017

This bill amends the Internal Revenue Code to revise the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) eliminate the $100,000 cap on such exclusion; (2) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (3) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

]]> Public Good IRA Rollover Act of 2017 Display Title Public Good IRA Rollover Act of 2017 Short Titles as Introduced Public Good IRA Rollover Act of 2017 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to expand tax-free distributions from individual retirement accounts for charitable purposes. Introduced in Senate 2017-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1817is/xml/BILLS-115s1817is.xml 2017-09-14 Read twice and referred to the Committee on Finance. 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.