Charities Helping Americans Regularly Throughout the Year Act of 2019

Summary

Charities Helping Americans Regularly Throughout the Year Act of 2019 This bill modifies several tax provisions in the Internal Revenue Code affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and that rate may not be less than the rate for medical purposes (20 cents per mile in 2019). The bill requires tax-exempt organizations to file their returns in electronic form. The bill excludes 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 (DAF). The bill also modifies disclosure requires for DAFs. (A DAF 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.) The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements.

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Timeline

1. 13 June 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 13 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 June 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 June 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 June 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 13 June 2019

  Open at official source

Sponsors

• Earl Blumenauer · D · Sponsor
• Rep. Kelly, Mike [R-PA-16] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Charities Helping Americans Regularly Throughout the Year Act of 2019
• related to ← Private Foundation Excise Tax Simplification Act of 2019