A bill to amend the Internal Revenue Code of 1954 to provide that a dividend paid by a corporation directly to certain charitable organizations at the direction of the shareholder shall be treated as a charitable contribution of the corporation, and to exclude such dividend from the income of such shareholder.

Summary

Amends the Internal Revenue Code to allow corporations a charitable contribution income tax deduction for dividends which a shareholder directs to be paid directly to a charitable organization. Excludes from the gross income of a shareholder any dividends paid at his direction by a corporation to a charitable organization.

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1 official file

• Introduced in House

  summary · EN · 1 February 1984

  Open at official source

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