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To amend the Internal Revenue Code of 1986 to allow a one-time election for a qualified charitable distribution to a split-interest entity and to inflation adjust the limits for qualified charitable distributions.

USA117th CongressHR-2909| House 
| Updated: 4/30/2021
Donald S. Beyer

Donald S. Beyer

Democratic Representative

Virginia

Cosponsors (1)
Mike Kelly (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill allows taxpayers an election to make a qualified charitable distribution to a split-interest entity (i.e., a charitable remainder annuity trust, charitable remainder unitrust, or charitable gift annuity funded exclusively by qualified charitable distributions). The aggregate amount of distributions may not exceed $50,000, adjusted for inflation for taxable years beginning after 2022.
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Timeline
Apr 30, 2021
Introduced in House
Apr 30, 2021
Referred to the House Committee on Ways and Means.
  • April 30, 2021
    Introduced in House


  • April 30, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 117-4808: EARN Act
  • HR 117-2954: Securing a Strong Retirement Act of 2022
Charitable contributionsEmployee benefits and pensionsIncome tax deferralInflation and prices

To amend the Internal Revenue Code of 1986 to allow a one-time election for a qualified charitable distribution to a split-interest entity and to inflation adjust the limits for qualified charitable distributions.

USA117th CongressHR-2909| House 
| Updated: 4/30/2021
This bill allows taxpayers an election to make a qualified charitable distribution to a split-interest entity (i.e., a charitable remainder annuity trust, charitable remainder unitrust, or charitable gift annuity funded exclusively by qualified charitable distributions). The aggregate amount of distributions may not exceed $50,000, adjusted for inflation for taxable years beginning after 2022.
View Full Text

Suggested Questions

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

Timeline
Apr 30, 2021
Introduced in House
Apr 30, 2021
Referred to the House Committee on Ways and Means.
  • April 30, 2021
    Introduced in House


  • April 30, 2021
    Referred to the House Committee on Ways and Means.
Donald S. Beyer

Donald S. Beyer

Democratic Representative

Virginia

Cosponsors (1)
Mike Kelly (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 117-4808: EARN Act
  • HR 117-2954: Securing a Strong Retirement Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsEmployee benefits and pensionsIncome tax deferralInflation and prices