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- S.931
S.931: 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 112th Congress
- This bill is primarily about taxation
- Introduced May 10, 2011
- Latest Major Action May 10, 2011
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (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 |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 10, 2011 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |