United States · Bill · S
S. 1300 (107th)
Foundational and Corporate Charitable Giving Incentives Act of 2001
Introduced
1 August 2001
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
19 August 2025
Summary
Foundational and Corporate Charitable Giving Incentives Act of 2001 - Amends the Internal Revenue Code of 1986 to: (1) repeal the excise tax on the investment income of tax-exempt foundations; (2) increase the basis of each shareholder's stock in an S corporation by the amount of the excess of deductions for charitable contributions over the basis of the property contributed; and (3) increase from ten to 25 percent the percentage limitation placed upon corporate charitable giving.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 1 August 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 1 August 2001
Introduced in Senate
summary · EN · 1 August 2001
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1300
- Open data entity: https://api.congress.gov/v3/bill/107/s/1300