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- S.1605
S.1605: A bill to amend the Internal Revenue Code of 1986 to reform the rules relating to fractional charitable donations of tangible personal property.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Aug. 6, 2009
- Latest Major Action Aug. 6, 2009
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (4 Democrats, 1 Republican)
Bill Summary
Amends Internal Revenue Code provisions relating to the tax deduction for donations of fractional interests in tangible personal property to: (1) permit donors to claim an increased deduction based upon the market value of subsequent gifts of fractional interests; (2) extend to 20 years the period in which donors of fractional interests must contribute their entire interest in donated property; and (3) require donors of fractional interests...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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Aug. 6, 2009 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |