To amend the Internal Revenue Code of 1986 to make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property.
Permanent S Corporation Charitable Contributions Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule requiring an adjustment to the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of appreciated property in taxable years beginning after 2013.
Referred to the House Committee on Ways and Means.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S2763-2768)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-430.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-430.
Placed on the Union Calendar, Calendar No. 318.
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