(This measure has not been amended since it was reported to the House on April 13, 2015. The summary of that version is repeated here.)
Fair Treatment for All Gifts Act
(Sec. 2) This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues. Declares that for purposes of the gift tax, a transfer of property to such organizations shall not be deemed to be a transfer by gift.
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 (Amended) by Voice Vote.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-64.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-64.
Placed on the Union Calendar, Calendar No. 45.
Mr. Ryan (WI) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2240-2241)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1104.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2240)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2240)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Finance.
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