To amend the Internal Revenue Code of 1986 to reiterate the denial of the charitable contribution deduction for transfers associated with split-dollar insurance arrangements.

Summary

States that nothing in specified Internal Revenue Code provisions concerning the disallowance of the charitable deduction contribution shall be construed to permit a deduction for a transfer to or for the use of a charitable organization if the organization pays or has paid, or there is an understanding that any person will pay, personal benefit contract premiums on the transferor's behalf. Subjects such non-deductible payments to an excise tax.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 February 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 9 February 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 February 1999

  Open at official source

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