[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4016 Introduced in House (IH)]

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114th CONGRESS
  1st Session
                                H. R. 4016

To amend the Internal Revenue Code of 1986 to extend the limitation on 
      the carryover of excess corporate charitable contributions.


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                    IN THE HOUSE OF REPRESENTATIVES

                           November 16, 2015

 Mr. Paulsen (for himself, Mr. Thompson of California, Mr. Nunes, and 
    Mr. Smith of Missouri) introduced the following bill; which was 
              referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend the limitation on 
      the carryover of excess corporate charitable contributions.

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

SECTION 1. EXTENSION OF LIMITATION ON CARRYOVER OF EXCESS CORPORATE 
              CHARITABLE CONTRIBUTIONS.

    (a) In General.--Section 170(d)(2)(A) of the Internal Revenue Code 
of 1986 is amended--
            (1) by striking ``5 succeeding taxable years'' and 
        inserting ``20 succeeding taxable years'', and
            (2) by striking ``the second, third, fourth, or fifth'' and 
        inserting ``each of the second through twentieth''.
    (b) Effective Date.--The amendments made by this section shall 
apply to contributions made in taxable years beginning after December 
31, 2009.
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