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United States · Bill · S

S. 1412 (105th)

Charitable Giving Incentive Act

openUnited States· United States Congress· EN

Introduced

7 November 1997

Last action

Status

Sponsor introductory remarks on measure. (CR S12828-12829)

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Charitable Giving Incentive Act - Amends the Internal Revenue Code to allow certain tax-free liquidations from a closely held corporation into a tax-exempt organization. Revises unrelated business income provisions regarding property acquired subject to a mortgage with respect to such a liquidation.

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Documents

3 official files

Introduced in Senate (text)

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