H.R. 630
IntroducedPermanent S Corporation Charitable Contribution Act of 2015
Introduced 1/30/2015•114th Congress•House
Latest Action
Placed on the Union Calendar, Calendar No. 10.
2/9/2015 • House
Summary
Permanent S Corporation Charitable Contribution Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the tax rule that reduces the basis of the stock of an S corporation shareholder by the adjusted basis (rather than fair market value) of any charitable contribution made by the S corporation.
Reported to House with amendment(s) • 2/9/2015
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Topics & Subjects
Policy Area: Taxation
Accounting and auditingCapital gains taxCharitable contributionsSecuritiesSmall businessSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayers
CBO Cost Estimates (1)
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
1
Democrats
3
Republicans
0
Independents
Sponsor
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Cosponsors (3)
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Bill Journey
Originated in the House
Introduced
January 30, 2015
Committee Review
February 4, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (2)
Reported in House2/9/2015
Introduced in House1/30/2015