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S. 1772

Public Good IRA Rollover Act of 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).

Read twice and referred to the Committee on Finance.

Sen. Schumer, Charles E. [D-NY](D-NY)Sponsor
5 cosponsors4 D1 R
5cosponsors1committees2actions1related bills4subjects
  • Introduced in SenateNov 21, 2013
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate

Public Good IRA Rollover Act of 2013 — Informed