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- S.1257
S.1257: Legacy IRA Act
About This Bill
- Introduced April 30, 2019
- Latest Major Action April 30, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (3 Democrats, 3 Republicans)
Bill Version
- Introduced in Senate - April 30, 2019
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 for four...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 30, 2019 |
Read twice and referred to the Committee on Finance.
|
| April 30, 2019 |
Introduced in the Senate by Kevin Cramer (R-N.D.) |