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United States · Bill · S

S. 780 (107th)

Neighbor to Neighbor Act

referredUnited States· United States Congress· EN

Introduced

26 April 2001

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

10 February 2026

Summary

Neighbor to Neighbor Act - Amends the Internal Revenue Code respecting charitable contributions to: (1) allow non-itemizing taxpayers a limited charitable deduction; (2) exclude charitable deductions from the income-based limitation on itemized deductions: (3) repeal the special limitation on charitable contributions of capital gain property; (4) extend the excess contribution carryover period; and (5) allow tax-free distributions from individual retirement accounts (IRAs) for qualifying charitable purposes. Repeals the excise tax on the net income of tax-exempt foundations.

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Documents

3 official files

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Sources

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