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 Contribution Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the tax rule that reduces the basis of the stock of an S corporation shareholder by the adjusted basis (rather than fair market value) of any charitable contribution made by the S corporation.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-16.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-16.
Placed on the Union Calendar, Calendar No. 10.
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