Bill113th CongressFiled Nov 21, 2013Taxation
S. 1772
Public Good IRA Rollover Act of 2013
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Nov 21, 2013)
Public Good IRA Rollover Act of 2013 - Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) 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 (4) 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).
What just happenedNov 21, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Schumer, Charles E. [D-NY](D-NY)Sponsor
5 cosponsors4 D1 R
5cosponsors1committees2actions1related bills4subjects
- Introduced in SenateNov 21, 2013
- Nov 21, 2013IntroReferral
Read twice and referred to the Committee on Finance.
- Nov 21, 2013IntroReferral10000
Introduced in Senate