Grow Philanthropy Act of 2016
Latest action · Apr 12, 2016 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.
- IntroducedApr 12, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Grow Philanthropy Act of 2016
This bill amends the Internal Revenue Code to exclude from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor-advised fund.
(A donor-advised fund is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.)
Cosponsors 47
Members who signed on, in the order they did. Signatures ran from Apr 12, 2016 to Dec 1, 2016, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CA | Devin Nunes | Original | Apr 12, 2016 |
| R-MN | Erik Paulsen | Original | Apr 12, 2016 |
| D-TX | Gene Green | Original | Apr 12, 2016 |
| R-PA | Mike Kelly | Original | Apr 12, 2016 |
| R-OH | Patrick J. Tiberi | Original | Apr 12, 2016 |
| R-MO | Jason Smith | Apr 14, 2016 | |
| R-WI | F. James Sensenbrenner, Jr. | Apr 18, 2016 | |
| R-TX | Pete Sessions | Apr 18, 2016 | |
| R-TX | Kenny Marchant | Apr 21, 2016 | |
| R-PA | Patrick Meehan | Apr 21, 2016 | |
| R-IA | David Young | Apr 27, 2016 | |
| R-OH | James B. Renacci | Apr 27, 2016 | |
| R-GA | Tom Graves | Apr 28, 2016 | |
| R-SD | Kristi L. Noem | May 11, 2016 | |
| R-CO | Scott R. Tipton | May 11, 2016 |
Actions 2
Everything that happened, newest first.
- Apr 12, 2016Introduced in House
- Apr 12, 2016Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2750 | Charities Helping Americans Regularly Throughout the Year Act | Related bill | Apr 6, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 12, 2016Introduced 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.