Legis Daily

To amend the Internal Revenue Code of 1986 to establish a new status for certain tax-exempt organizations with administrative expenses not exceeding 25 percent of contributions.

USA115th CongressHR-6397| House 
| Updated: 7/17/2018
Bill Posey

Bill Posey

Republican Representative

Florida

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Good Incentives for Vital Non-profit Governance Act or the GIVING Act This bill amends the Internal Revenue Code to establish a new 501(c)(3)(A) status for certain tax-exempt organizations with exempt-purpose expenditures that comprise at least 75% of the total expenditures of the organization for the year. Exempt-purpose expenditures exclude administrative expenses.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 17, 2018
Introduced in House
Jul 17, 2018
Referred to the House Committee on Ways and Means.
  • July 17, 2018
    Introduced in House
  • July 17, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Business expensesCharitable contributionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizations

To amend the Internal Revenue Code of 1986 to establish a new status for certain tax-exempt organizations with administrative expenses not exceeding 25 percent of contributions.

USA115th CongressHR-6397| House 
| Updated: 7/17/2018
Good Incentives for Vital Non-profit Governance Act or the GIVING Act This bill amends the Internal Revenue Code to establish a new 501(c)(3)(A) status for certain tax-exempt organizations with exempt-purpose expenditures that comprise at least 75% of the total expenditures of the organization for the year. Exempt-purpose expenditures exclude administrative expenses.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 17, 2018
Introduced in House
Jul 17, 2018
Referred to the House Committee on Ways and Means.
  • July 17, 2018
    Introduced in House
  • July 17, 2018
    Referred to the House Committee on Ways and Means.
Bill Posey

Bill Posey

Republican Representative

Florida

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesCharitable contributionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizations