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- H.R.4907
H.R.4907: Grow Philanthropy Act of 2016
About This Bill
- Introduced April 12, 2016
- Latest Major Action April 12, 2016
Bill Sponsor
Bill Cosponsors
47 (20 Democrats, 27 Republicans)
Bill Summary
Grow Philanthropy Act of 2016 This bill amends the Internal Revenue Code to exclude 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. (A donor-advised fund 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 12, 2016 |
Referred to the House Committee on Ways and Means.
|
April 12, 2016 |
Introduced in the House by George Holding (R-N.C.) |