Charitable Contributions
US Congress 115th Congress
Artist-Museum Partnership Act of 2017 [S.1174]
[Arts and Culture ]
[Taxes ]
[Nonprofit ]
Artist-Museum Partnership Act of 2017 This bill amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no less than 18 months after their creation. The bill limits the amount of the deduction based upon the donor's artistic adjusted
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S3043) on 05/18/2017
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Let It Go Act [HB-1723]
[Elections ]
[Ethics ]
[Funding ]
Let It Go Act This bill amends the Federal Election Campaign Act of 1971 to require individuals to use contributions or donations not later than six years following the most recent federal election in which the individual was a candidate and before the individual becomes a registered lobbyist. This bill requires remaining contributions or donations to be disposed of within 30 days, first by paying debts or obligations owed in connection with the campaign for that office. Additional remaining funds must be disposed of by: (1) returning those contributions
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Sponsored by: Rep. Kathy Castor
Introduced In House on 03/24/2017
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S Corporation Modernization Act of 2017 [HB-1696]
[Taxes ]
[Small Business ]
[Retirement ]
S Corporation Modernization Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax treatment of S corporations, to: allow a nonresident alien to be a qualifying beneficiary of an electing small business trust (ESBT), which is a type of trust that is permitted to hold shares in an S corporation; allow S corporations to increase passive investment income from 25% to 60% without incurring additional taxes; eliminate a provision terminating the S corporation status of corporations with excessive passive income for three consecutive
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Sponsored by: Rep. David Reichert
Introduced In House on 03/23/2017
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S Corporation Modernization Act of 2017 [S.711]
[Taxes ]
[Small Business ]
[Retirement ]
S Corporation Modernization Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax treatment of S corporations, to: allow a nonresident alien to be a qualifying beneficiary of an electing small business trust (ESBT), which is a type of trust that is permitted to hold shares in an S corporation; allow S corporations to increase passive investment income from 25% to 60% without incurring additional taxes; eliminate a provision terminating the S corporation status of corporations with excessive passive income for three consecutive
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Sponsored by: Sen. Benjamin Cardin
Read Twice And Referred To The Committee On Finance. on 03/23/2017
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To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities. [HB-1686]
[Taxes ]
[Energy ]
[Budget and Spending ]
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities. This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.
Sponsored by: Rep. Luis Correa
Introduced In House on 03/22/2017
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DELIVER Act of 2017 Delivering Elderly Lunches and Increasing Volunteer Engagement and Reimbursements Act of 2017 [S.694]
[Senior Citizens ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Food ]
[Human Services ]
DELIVER Act of 2017 Delivering Elderly Lunches and Increasing Volunteer Engagement and Reimbursements Act of 2017 This bill amends the Internal Revenue Code to increase the standard mileage rate for the tax deduction for the charitable use of a passenger automobile to deliver meals to homebound individuals who are elderly, disabled, frail, or at risk. The bill increases the rate from the standard charitable rate of 14 cents per mile to the standard business mileage rate, which is 53.5 cents per mile for 2017.
Sponsored by: Sen. Angus King
Read Twice And Referred To The Committee On Finance. on 03/22/2017
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CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 [HB-1649]
[Arts and Culture ]
[Small Business ]
[Taxes ]
[Immigration ]
[Disaster Relief ]
[Community Development ]
[Economic Development ]
[Funding ]
[Grants ]
CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) allow artists to claim tax deductions for qualified artistic charitable contributions based on the fair market value of a piece of artwork, rather than the value of the materials used to create it; and (2) revise income and gift tax requirements for charitable contributions of fractional gifts, the valuation of subsequent gifts, and recapture of the charitable deduction. The Small Business
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 04/11/2017
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HOME Act Housing Opportunities Made Easier Act [S.639]
[Housing ]
[Real Estate ]
[Finance ]
[Taxes ]
[Consumer Protection ]
HOME Act Housing Opportunities Made Easier Act This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/15/2017
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CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 [S.661]
[Arts and Culture ]
[Small Business ]
[Taxes ]
[Community Development ]
[Disaster Relief ]
[Economic Development ]
[Funding ]
[Grants ]
[Human Services ]
[Law Enforcement ]
CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) set forth new tax rules for the deduction of charitable contributions of literary, musical, or artistic compositions; and (2) exclude gain from the sale of art works from the highest capital gains tax rate. The bill amends the Small Business Act to require the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business
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Sponsored by: Sen. Brian Schatz
Read Twice And Referred To The Committee On Finance. on 03/15/2017
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Legacy IRA Act [HB-1337]
[Taxes ]
[Finance ]
[Senior Citizens ]
[Nonprofit ]
[Retirement ]
Legacy IRA Act This bill amends the Internal Revenue Code to expand the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes. The bill increases from $100,000 to $400,000 the annual limit on the aggregate amount of distributions for charitable purposes that may be excluded from the gross income of a taxpayer. The bill permits tax-free distributions from IRAs to a split-interest entity until December 31, 2021. A split-interest entity is exclusively funded by charitable distributions and includes: a charitable
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Sponsored by: Rep. Earl Blumenauer
Introduced In House on 03/02/2017
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US Congress 115th Congress
Complete America's Great Trails Act [HB-1015]
[Public Lands and National Parks ]
[Taxes ]
[Recreation ]
Complete America's Great Trails Act This bill amends the Internal Revenue Code to allow a tax credit for the fair market value of any National Scenic Trail conservation contribution. The Department of the Interior must study and report on the efficacy of such tax credit in completing, extending, and increasing the number of National Scenic Trails and the feasibility and cost of making such credit refundable and transferable.
Sponsored by: Rep. Gerald Connolly
Referred To The Subcommittee On Federal Lands. on 02/24/2017
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Food Donation Act of 2017 [HB-952]
[Food ]
[Consumer Protection ]
[Public Health ]
[Agriculture ]
[Nonprofit ]
[Small Business ]
[Human Services ]
Food Donation Act of 2017 This bill amends the Bill Emerson Good Samaritan Food Donation Act to expand the liability protections for the donation of food. The bill expands the liability protections to include donations of an apparently fit grocery product or apparently wholesome food: that is mislabeled in a manner that is not related to safety and safety-related labeling standards and regulations; meets safety and safety-related labeling standards and regulations but is past the date label; for which the recipient is charged a "good Samaritan reduced"
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Sponsored by: Rep. James McGovern
Introduced In House on 02/07/2017
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A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. [S.310]
[Housing ]
[Real Estate ]
[Nonprofit ]
[Taxes ]
[Consumer Protection ]
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/06/2017
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Interest for Others Act of 2017 [HB-894]
[Taxes ]
[Nonprofit ]
[Finance ]
Interest for Others Act of 2017 This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 per year of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund. Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives
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Sponsored by: Rep. Erik Paulsen
Introduced In House on 02/06/2017
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Educational Opportunities Act [HB-895]
[Education ]
[Taxes ]
[Funding ]
[Budget and Spending ]
[Children and Youth ]
Educational Opportunities Act This bill amends the Internal Revenue Code to allow individual taxpayers a tax credit for charitable contributions to a scholarship granting organization. The bill allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return). A "scholarship granting organization" is a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other education expenses of elementary and secondary school students from low income households (i.e., household income not
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Sponsored by: Rep. Andy Biggs
Introduced In House on 02/06/2017
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Educational Opportunities Act [S.148]
[Education ]
[Taxes ]
[Funding ]
[Budget and Spending ]
[Children and Youth ]
Educational Opportunities Act This bill amends the Internal Revenue Code to allow individual taxpayers a tax credit for charitable contributions to a scholarship granting organization. The bill allows a maximum credit amount of $4,500 ($2,250 for a married individual filing a separate return). A "scholarship granting organization" is a tax-exempt entity whose exclusive purpose is to provide scholarships for the tuition and other education expenses of elementary and secondary school students from low income households (i.e., household income not
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Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Finance. on 01/17/2017
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Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act [HB-88]
[Public Lands and National Parks ]
[Military ]
[Arts and Culture ]
[Recreation ]
[Community Development ]
[Funding ]
[Grants ]
[Tourism ]
Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act (Sec. 3) This bill modifies the boundary of Shiloh National Military Park in Tennessee and Mississippi to include the Fallen Timbers Battlefield, the Russell House Battlefield, and the Davis Bridge Battlefield. The Department of the Interior may acquire such lands, which shall be administered as part of the park. (Sec. 4) The bill establishes the Parker's Crossroads Battlefield in Tennessee as an affiliated area of the National Park System. The
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Sponsored by: Sen. Marsha Blackburn
Message On House Action Received In Senate And At Desk: House Amendment To Senate Amendment. on 12/21/2018
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HOME Act Housing Opportunities Made Easier Act [HB-2255]
[Housing ]
[Small Business ]
[Senior Citizens ]
[Law Enforcement ]
[Consumer Protection ]
[Finance ]
HOME Act Housing Opportunities Made Easier Act TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission
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Sponsored by: Sen. Kyrsten Sinema
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/30/2018
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Supporting ongoing efforts by the United States Government, in concert with the United Nations and the donor community, to respond to drought and food insecurity in the Horn of Africa. [HR-239]
[Food ]
[International ]
[Human Rights ]
[Human Services ]
[Agriculture ]
[Disaster Relief ]
[Funding ]
[Grants ]
Supporting ongoing efforts by the United States Government, in concert with the United Nations and the donor community, to respond to drought and food insecurity in the Horn of Africa. Commends: the Department of State's and the U.S. Agency for International Development's (USAID's) timely response to early warning signals of drought in the Horn of Africa and for providing substantial assistance for the humanitarian response in FY2016 and FY2017; USAID's quick deployment of a Disaster Assistance Response Team in response to the previous drought in
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Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Africa, Global Health, Global Human Rights And International Organizations. on 05/18/2017
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Artist-Museum Partnership Act of 2017 [HB-1830]
[Arts and Culture ]
[Taxes ]
Artist-Museum Partnership Act of 2017 This bill amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no less than 18 months after their creation. The bill limits the amount of the deduction based upon the donor's artistic adjusted
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Sponsored by: Rep. John Lewis
Introduced In House on 03/30/2017