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- H.R.5171
H.R.5171: Legacy IRA Act
About This Bill
- Introduced May 6, 2016
- Latest Major Action May 6, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (1 Democrat, 9 Republicans)
Bill Summary
Legacy IRA Act This bill amends the Internal Revenue Code to expand the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes. The bill increases from $100,000 to $400,000 the annual limit on the aggregate amount of distributions for charitable purposes that may be excluded from the gross income of a taxpayer. The bill permits tax-free distributions from IRAs to a split-interest entity until...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
May 6, 2016 |
Referred to the House Committee on Ways and Means.
|
May 6, 2016 |
Introduced in the House by Peter Roskam (R-Ill.) |