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- S.1412
S.1412: Charitable Giving Incentive Act
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Nov. 7, 1997
- Latest Major Action Oct. 21, 1998
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (3 Democrats, 2 Republicans)
Bill Summary
Charitable Giving Incentive Act - Amends the Internal Revenue Code to allow certain tax-free liquidations from a closely held corporation into a tax-exempt organization. Revises unrelated business income provisions regarding property acquired subject to a mortgage with respect to such a liquidation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Sponsor introductory remarks on measure.
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| Nov. 7, 1997 |
Introduced in the Senate by Gordon Harold Smith (R-Ore.) |