Personal Philanthropy Account Act of 2007

Summary

Personal Philanthropy Account Act of 2007 - Amends the Internal Revenue Code to allow a tax deduction (whether or not the taxpayer itemizes deductions) for cash contributions to a personal philanthropy account. Defines "personal philanthropy account" as a tax-exempt trust created to make distributions for charitable purposes. Sets forth rules providing for employer contributions to such accounts, default charitable distributions in the event of an account holder's death, and minimum annual distributions. Allows an exclusion from the gross income of an employee for contributions made by an employer to the employee's personal philanthropy account.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 April 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 April 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 April 2007

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.