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Charities Helping Americans Regularly Throughout the Year Act of 2019

USA116th CongressS-1475| Senate 
| Updated: 5/15/2019
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (6)
Amy Klobuchar (Democratic)John Boozman (Republican)Robert P. Casey (Democratic)Pat Roberts (Republican)Gary C. Peters (Democratic)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charities Helping Americans Regularly Throughout the Year Act of 2019 This bill modifies several tax provisions in the Internal Revenue Code affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and that rate may not be less than the rate for medical purposes (20 cents per mile in 2019). The bill requires tax-exempt organizations to file their returns in electronic form. The bill excludes from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor advised fund (DAF). The bill also modifies disclosure requires for DAFs. (A DAF is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.) The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements.
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Timeline
May 15, 2019
Introduced in Senate
May 15, 2019
Read twice and referred to the Committee on Finance. (text: CR S2887-2888)
Jun 13, 2019

Latest Companion Bill Action

HR 116-3259
Introduced in House
  • May 15, 2019
    Introduced in Senate


  • May 15, 2019
    Read twice and referred to the Committee on Finance. (text: CR S2887-2888)


  • June 13, 2019

    Latest Companion Bill Action

    HR 116-3259
    Introduced in House

Taxation

Related Bills

  • HR 116-4953: Private Foundation Excise Tax Simplification Act of 2019
  • HR 116-3259: Charities Helping Americans Regularly Throughout the Year Act of 2019
Charitable contributionsEmployee benefits and pensionsFinancial services and investmentsIncome tax deductionsIncome tax exclusionMotor vehiclesSales and excise taxesTax administration and collection, taxpayersTax-exempt organizationsTransportation costs

Charities Helping Americans Regularly Throughout the Year Act of 2019

USA116th CongressS-1475| Senate 
| Updated: 5/15/2019
Charities Helping Americans Regularly Throughout the Year Act of 2019 This bill modifies several tax provisions in the Internal Revenue Code affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and that rate may not be less than the rate for medical purposes (20 cents per mile in 2019). The bill requires tax-exempt organizations to file their returns in electronic form. The bill excludes from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor advised fund (DAF). The bill also modifies disclosure requires for DAFs. (A DAF is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.) The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements.
View Full Text

Suggested Questions

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

Timeline
May 15, 2019
Introduced in Senate
May 15, 2019
Read twice and referred to the Committee on Finance. (text: CR S2887-2888)
Jun 13, 2019

Latest Companion Bill Action

HR 116-3259
Introduced in House
  • May 15, 2019
    Introduced in Senate


  • May 15, 2019
    Read twice and referred to the Committee on Finance. (text: CR S2887-2888)


  • June 13, 2019

    Latest Companion Bill Action

    HR 116-3259
    Introduced in House
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (6)
Amy Klobuchar (Democratic)John Boozman (Republican)Robert P. Casey (Democratic)Pat Roberts (Republican)Gary C. Peters (Democratic)Ron Wyden (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-4953: Private Foundation Excise Tax Simplification Act of 2019
  • HR 116-3259: Charities Helping Americans Regularly Throughout the Year Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsEmployee benefits and pensionsFinancial services and investmentsIncome tax deductionsIncome tax exclusionMotor vehiclesSales and excise taxesTax administration and collection, taxpayersTax-exempt organizationsTransportation costs