A bill to amend the Internal Revenue Code of 1986 to waive the income inclusion on a distribution from an individual retirement account to the extent that the distribution is contributed for charitable purposes.

Fact Sheet API

Bill Number

S 205

Introduced

Jan 30, 2001

Latest Action

Committee on Finance. Hearings held.

Sponsor

Cosponsors

Topics

Annuities Charitable contributions Income tax Individual retirement accounts Labor and Employment Law Personal income tax Tax deductions Tax exclusion Taxation Trusts and trustees

Full Text

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Votes

Summary

Amends the Internal Revenue Code to permit tax-free distributions from an individual retirement account made directly to a qualified charitable organization, trust, fund, or annuity.

Actions

Mar 14, 2001

Committee on Finance. Hearings held.
Jan 30, 2001

Read twice and referred to the Committee on Finance.
Jan 30, 2001

Sponsor introductory remarks on measure. (CR S702, S709-710)
Jan 30, 2001

Introduced in Senate

Amendments

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