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Tax Incentives for Charity: An Overview of Legislative Proposals (CRS Report for Congress)

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Release Date Revised Sept. 13, 2007
Report Number RS21144
Report Type Report
Authors Jane G. Gravelle, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
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Summary:

This report discusses the development of proposals for tax incentives forcharity embodied in H.R. 7 and S. 476 in the 108th Congress and S. 6 in the 109th; therevisions in the Pension Protection Act (P.L. 109-280), and prospects for futurelegislation. Proposed changes initially included charitable deductions for non-itemizers,rollovers of IRAs into charitable uses, a reduction in the excise tax on private foundationincome, an increase in the deductions cap for corporate contributions, and severalnarrower provisions relating to business contributions of property and charitableremainder trusts. P.L. 109-280 included some of these changes, along with somerevenue offsets.