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United States · Bill · HR

H.R. 894 (115th)

Interest for Others Act of 2017

referredUnited States· United States Congress· EN

Introduced

6 February 2017

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

11 August 2025

Summary

Interest for Others Act of 2017 This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 per year of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund. Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives contributions and makes payments to charities under a program.

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Documents

3 official files

Introduced in House (text)

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Sources

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