US Congress Senate Bill 1817 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on September 14 2017 - 25% progression, died in committee
Action: 2017-09-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Public Good IRA Rollover Act of 2017 This bill amends the Internal Revenue Code to revise the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) eliminate the $100,000 cap on such exclusion; (2) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (3) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

Public Good IRA Rollover Act of 2017

Sen. Debbie Stabenow [D-MI]

Sen. Susan Collins [R-ME]

Sen. Charles Schumer [D-NY]

Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2017-09-14	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1817/all-info
Text	https://www.congress.gov/115/bills/s1817/BILLS-115s1817is.pdf