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]

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.

Tracking Information

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Title

Supporting America's Charities Act

Sponsors


Roll Calls

2014-12-11 - House - On Motion to Suspend the Rules and Pass (Y: 275 N: 149 NV: 10 Abs: 0) [FAIL]

History

DateChamberAction
2014-12-11HouseOn motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 275 - 149 (Roll no. 562).
2014-12-11HouseConsidered as unfinished business. (consideration: CR H9075)
2014-12-10HouseAt 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.
2014-12-10HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 5806.
2014-12-10HouseConsidered under suspension of the rules. (consideration: CR H8998-9002; text as introduced in House: CR H8998-8999)
2014-12-10HouseMr. Camp moved to suspend the rules and pass the bill.
2014-12-08HouseReferred to House Budget
2014-12-08HouseReferred to House Ways and Means
2014-12-08HouseReferred 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


US Congress State Sources


Bill Comments

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