[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 519 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 519

 To amend the Internal Revenue Code of 1986 to permanently extend the 
  special rule for charitable contributions to private foundations of 
        stock for which market quotations are readily available.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1997

 Mr. Camp (for himself and Mr. Cardin) 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 permanently extend the 
  special rule for charitable contributions to private foundations of 
        stock for which market quotations are readily available.

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

SECTION 1. SPECIAL RULE MADE PERMANENT FOR CERTAIN CONTRIBUTIONS OF 
              STOCK FOR WHICH MARKET QUOTATIONS ARE READILY AVAILABLE.

    (a) In General.--Subparagraph (D) of section 170(e)(5) of the 
Internal Revenue Code of 1986 is hereby repealed.
    (b) Effective Date.--The repeal made by subsection (a) shall apply 
to contributions made after May 31, 1997.
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