H.R. 2909
Referred to CommitteeTo amend the Internal Revenue Code of 1986 to allow a one-time election for a qualified charitable distribution to a split-interest entity and to inflation adjust the limits for qualified charitable distributions.
Latest Action
Referred to the House Committee on Ways and Means.
4/30/2021 • House
Summary
This bill allows taxpayers an election to make a qualified charitable distribution to a split-interest entity (i.e., a charitable remainder annuity trust, charitable remainder unitrust, or charitable gift annuity funded exclusively by qualified charitable distributions). The aggregate amount of distributions may not exceed $50,000, adjusted for inflation for taxable years beginning after 2022.
Introduced in House • 4/30/2021
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Sponsor & Cosponsors (2)
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Sponsor
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Bill Journey
Originated in the House
Introduced
April 30, 2021
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law