[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 630 Reported in House (RH)]

                                                  Union Calendar No. 10
114th CONGRESS
  1st Session
                                H. R. 630

                          [Report No. 114-16]

 To amend the Internal Revenue Code of 1986 to make permanent certain 
  rules regarding basis adjustments to stock of S corporations making 
                 charitable contributions of property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 30, 2015

Mr. Reichert (for himself and Mr. Kind) introduced the following bill; 
         which was referred to the Committee on Ways and Means

                            February 9, 2015

     Additional sponsors: Mr. Reed and Mr. Costello of Pennsylvania

                            February 9, 2015

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
[For text of introduced bill, see copy of bill as introduced on January 
                               30, 2015]


_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make permanent certain 
  rules regarding basis adjustments to stock of S corporations making 
                 charitable contributions of property.


 


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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanent S Corporation Charitable 
Contribution Act of 2015''.

SEC. 2. PERMANENT RULE REGARDING BASIS ADJUSTMENT TO STOCK OF S 
              CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF PROPERTY.

    (a) In General.--Section 1367(a)(2) of the Internal Revenue Code of 
1986 is amended by striking the last sentence.
    (b) Effective Date.--The amendment made by this section shall apply 
to contributions made in taxable years beginning after December 31, 
2014.
                                                  Union Calendar No. 10

114th CONGRESS

  1st Session

                               H. R. 630

                          [Report No. 114-16]

_______________________________________________________________________

                                 A BILL

 To amend the Internal Revenue Code of 1986 to make permanent certain 
  rules regarding basis adjustments to stock of S corporations making 
                 charitable contributions of property.

_______________________________________________________________________

                            February 9, 2015

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed