Public Good IRA Rollover Act of 2017

Summary

Public Good IRA Rollover Act of 201 7 This bill amends the Internal Revenue Code to revise the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) eliminate the $100,000 cap on such exclusion; (2) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (3) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 September 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 September 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 September 2017

  Open at official source

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