Public Good IRA Rollover Act of 2011
Latest action · Jul 12, 2011 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 12, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Public Good IRA Rollover Act of 2011 - Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).
Cosponsors 20
Members who signed on, in the order they did. Signatures ran from Jul 12, 2011 to Oct 26, 2012; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-OR | Earl Blumenauer | Original | Jul 12, 2011 |
| D-CA | Bob Filner | Jul 29, 2011 | |
| R-TX | Sam Johnson | Sep 9, 2011 | |
| D-NJ | Rush Holt | Sep 21, 2011 | |
| R-OH | Bob Gibbs | Oct 3, 2011 | |
| R-NY | Richard L. Hanna | Oct 3, 2011 | |
| D-IL | Janice D. Schakowsky | Nov 10, 2011 | |
| R-PA | Todd Russell Platts | Nov 10, 2011 | |
| D-PR | Pedro R. Pierluisi | Mar 6, 2012 | |
| D-MI | Dale E. Kildee | Mar 22, 2012 | |
| R-FL | Dennis A. Ross | Mar 28, 2012 | |
| D-NY | Maurice D. Hinchey | Apr 16, 2012 | |
| R-ND | Rick Berg | Apr 16, 2012 | |
| R-IA | Tom Latham | Apr 16, 2012 | |
| D-MI | Gary C. Peters | Apr 19, 2012 | |
| R-IL | Aaron Schock | Apr 25, 2012 | |
| D-MN | Collin C. Peterson | Apr 25, 2012 | |
| R-TX | Ron Paul | Apr 25, 2012 | |
| R-MI | Tim Walberg | May 9, 2012 | |
| D-CA | Susan A. Davis | Oct 26, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jul 12, 2011 |
Actions 2
Everything that happened, newest first.
- Jul 12, 2011Introduced in House
- Jul 12, 2011Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H4946.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 557 | Public Good IRA Rollover Act of 2011 | Identical bill | Mar 10, 2011 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to expand tax-free distributions from individual retirement accounts for charitable purposes.
- Short Titles as Introduced
- Public Good IRA Rollover Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 12, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
