H.R.1337: Legacy IRA Act

About This Bill

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: Congressional Research Service)

Bill Actions

Date Description
March 2, 2017
Referred to the House Committee on Ways and Means.
March 2, 2017

Introduced in the House by Kevin Cramer (R-N.D.)

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