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.

referredUnited States· United States Congress· EN

Introduced

10 May 1995

Last action

—

Status

Read twice and referred to the Committee on Finance.

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.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 10 May 1995
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Introduced in Senate (PDF)
Introduced in Senate · EN · 10 May 1995
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Introduced in Senate
summary · EN · 10 May 1995
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Sources

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Official source: https://www.congress.gov/bill/104th-congress/senate-bill/789
Open data entity: https://api.congress.gov/v3/bill/104/s/789