To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.
USA115th CongressHR-1686| House
| Updated: 3/22/2017
Erik Paulsen
Republican Representative
Minnesota
Cosponsors (12)
J. Luis Correa (Democratic)Billy Long (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kenny Marchant (Republican)Patrick Meehan (Republican)Patrick J. Tiberi (Republican)Jim Costa (Democratic)Mac Thornberry (Republican)Ron Kind (Democratic)Tom Emmer (Republican)Mike Thompson (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Charitable contributionsCorporate finance and managementIncome tax deductionsPublic utilities and utility rates
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.
USA115th CongressHR-1686| House
| Updated: 3/22/2017
This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Erik Paulsen
Republican Representative
Minnesota
Cosponsors (12)
J. Luis Correa (Democratic)Billy Long (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kenny Marchant (Republican)Patrick Meehan (Republican)Patrick J. Tiberi (Republican)Jim Costa (Democratic)Mac Thornberry (Republican)Ron Kind (Democratic)Tom Emmer (Republican)Mike Thompson (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Charitable contributionsCorporate finance and managementIncome tax deductionsPublic utilities and utility rates