US HB5806 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on December 8 2014 - 25% progression, died in chamber
Action: 2014-12-11 - On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 275 - 149 (Roll no. 562).
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 8 2014 - 25% progression, died in chamber
Action: 2014-12-11 - On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 275 - 149 (Roll no. 562).
Text: Latest bill text (Introduced) [PDF]
Summary
Supporting America's Charities Act - Amends the Internal Revenue Code to make permanent: (1) the tax deduction for charitable contributions by individuals and corporations of real property interests for conservation purposes, and (2) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes. Allows a tax deduction for charitable contributions for conservation purposes of property conveyed under the Alaska Native Claims Settlement Act by an Alaska Native Corporation. Modifies the tax deduction for charitiable contributions of food inventory to: (1) increase the amount of deductible food inventory contributions that taxpayers other than C corporations may make in any taxable year from 10% to 15% of their aggregate net income and to limit such amount for a C corporation to 15% of its taxable income; (2) permit a taxpayer who is not required to account for inventories or capitalize indirect costs to elect, solely for purposes of computing the amount of such deduction, to treat the basis of any apparently wholesome food (as defined in the Bill Emerson Good Samaritan Food Donation Act) as equal to 25% of the fair market value of such food and to set forth a formula for determining the fair market value of such food; and (3) make such deduction, as modified, permanent.
Title
Supporting America's Charities Act
Sponsors
Rep. Dave Camp [R-MI] | Rep. Jim Gerlach [R-PA] | Rep. Mike Kelly [R-PA] | Rep. Tom Reed [R-NY] |
Rep. Aaron Schock [R-IL] |
Roll Calls
2014-12-11 - House - On Motion to Suspend the Rules and Pass (Y: 275 N: 149 NV: 10 Abs: 0) [FAIL]
History
Date | Chamber | Action |
---|---|---|
2014-12-11 | House | On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 275 - 149 (Roll no. 562). |
2014-12-11 | House | Considered as unfinished business. (consideration: CR H9075) |
2014-12-10 | House | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. |
2014-12-10 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 5806. |
2014-12-10 | House | Considered under suspension of the rules. (consideration: CR H8998-9002; text as introduced in House: CR H8998-8999) |
2014-12-10 | House | Mr. Camp moved to suspend the rules and pass the bill. |
2014-12-08 | House | Referred to House Budget |
2014-12-08 | House | Referred to House Ways and Means |
2014-12-08 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Same As/Similar To
HB4719 (Related) 2014-07-23 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 477.
Subjects
Alaska
Alaska Natives and Hawaiians
Charitable contributions
Employee benefits and pensions
Food assistance and relief
Income tax deductions
Income tax exclusion
Indian lands and resources rights
Land use and conservation
Taxation
Alaska Natives and Hawaiians
Charitable contributions
Employee benefits and pensions
Food assistance and relief
Income tax deductions
Income tax exclusion
Indian lands and resources rights
Land use and conservation
Taxation