A bill to amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly traded stock to certain private foundations, and for other purposes.

Summary

Amends the Internal Revenue Code to make permanent the special rules for gifts or qualified appreciated stock to certain tax-exempt private foundations for purposes of the itemized deduction of charitable contributions. Includes grants to certain foreign organizations as qualified distributions by private foundations for purposes of the tax on failure to distribute income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 March 1994

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 8 March 1994

   Introduced

   Sponsor introductory remarks on measure. (CR S2475)

   Source: IntroReferral

3. 8 March 1994

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 8 March 1994 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 8 March 1994

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 March 1994

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 8 March 1994

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Rep. Craig, Larry E. [R-ID-1] · R · Cosponsor
• Sen. Mathews, Harlan [D-TN] · D · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to make permanent the section 170(e)(5) rules pertaining to gifts of publicly-traded stock to certain private foundations, and for other purposes.