A bill to amend the Internal Revenue Code of 1954 to provide that a dividend paid by a corporation directly to certain charitable organizations at the direction of a shareholder shall be treated as a charitable contribution of the corporation, and to exclude such dividend form the income of such shareholder.

Summary

Amends the Internal Revenue Code to treat dividends paid by a corporation directly to a charitable organization at the direction of a shareholder as a charitable contribution of the corporation. Sets forth a formula to determine the charitable contribution of the corporation with respect to such payment. Excludes such dividend from the income of the shareholder.

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1 official file

• Introduced in Senate

  summary · EN · 10 November 1981

  Open at official source

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