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- S.1981
S.1981: ACE Act
About This Bill
- Introduced June 9, 2021
- Latest Major Action June 9, 2021
Bill Sponsor
Bill Cosponsors
2 (1 Democrat, 1 Republican)
Bill Version
- Introduced in Senate - June 9, 2021
Bill Summary
Accelerating Charitable Efforts Act or the ACE Act This bill modifies tax rules relating to donor advised funds (DAFs) (separately identified funds maintained and operated by a tax-exempt charitable organization for which a donor retains advisory privileges with respect to the distribution of funds and the investment of assets). Specifically, the bill places certain restrictions on charitable contribution deductions for gifts made to a...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 9, 2021 |
Read twice and referred to the Committee on Finance.
|
June 9, 2021 |
Introduced in the Senate by Angus King (ID-Maine) |