H.R. 5318 — To amend the Internal Revenue Code of 1986 with respect to the treatment of charitable contributions of appreciated property by S corporations.

Summary

Amends the Internal Revenue Code to provide for increasing the basis of a shareholder's stock in an S corporation (certain small businesses) by taking into account charitable contributions of property by such shareholder.

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Legislative Actions

1990-07-19
Introduced in House
1990-07-19
Introduced in House
1990-07-19
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 with respect to the treatment of charitable contributions of appreciated property by S corporations.

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