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 of 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. Changes the due date for first quarter estimated tax payments by private foundations.

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

Timeline

1. 22 January 1997

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 January 1997

   Introduced

   Sponsor introductory remarks on measure. (CR S648-650)

   Source: IntroReferral

3. 22 January 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 January 1997 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 January 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 January 1997

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 January 1997

  Open at official source

Sponsors

• Sen. Chafee, John H. [R-RI] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Abraham, Spencer [R-MI] · R · Sponsor
• Rep. Kyl, Jon [R-AZ-4] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Rep. Snowe, Olympia J. [R-ME-2] · R · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• Richard Durbin · D · Cosponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Cosponsor
• Sen. Gorton, Slade [R-WA] · R · Cosponsor
• Rep. Cochran, Thad [R-MS-4] · R · Cosponsor
• Sen. Ashcroft, John [R-MO] · R · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• · ssfi00 · Standing

Related records

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