[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 882 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 882

 To amend the Internal Revenue Code of 1986 to provide that charitable 
contributions of appreciated property will not be treated as an item of 
                            tax preference.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 16, 1993

Mr. Andrews of Texas (for himself, Mr. Shaw, Ms. Pelosi, Mr. Bacchus of 
    Florida, Mr. King, Mr. McCollum, Mr. Gallegly, Mr. Solomon, Mr. 
       Sundquist, Mr. Gingrich, Mrs. Schroeder, Mr. Gillmor, Mr. 
Hochbrueckner, Mr. Bateman, Mr. Pickett, Mr. Sensenbrenner, Mr. Porter, 
Mr. Smith of New Jersey, Mr. Torkildsen, Mr. Blute, Mrs. Kennelly, Mr. 
Thomas of Wyoming, Mr. Hinchey, Mr. Saxton, Mr. Spratt, Mr. Upton, Mrs. 
    Johnson of Connecticut, Mr. Emerson, Mr. Machtley, Mr. Neal of 
Massachusetts, Mr. Lewis of Florida, Mr. Frost, Mr. Matsui, Mr. Walsh, 
  Mr. Towns, Mr. Sam Johnson of Texas, Mr. Jacobs, Mr. Williams, Mr. 
 Baker of Louisiana, Mr. Lewis of Georgia, Mr. McDermott, Ms. Norton, 
 and Mr. Mazzoli) 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 provide that charitable 
contributions of appreciated property will not be treated as an item of 
                            tax preference.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF TREATMENT OF CHARITABLE CONTRIBUTIONS OF 
              APPRECIATED PROPERTY AS ITEM OF TAX PREFERENCE.

    (a) In General.--Subsection (a) of section 57 of the Internal 
Revenue Code of 1986 (relating to items of tax preference) is amended 
by striking paragraph (6) and by redesignating paragraph (7) as 
paragraph (6).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1991.

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