Bill117th CongressFiled Apr 30, 2021Taxation
H.R. 2909
To amend the Internal Revenue Code of 1986 to allow a one-time election for a qualified charitable distribution to a split-interest entity and to inflation adjust the limits for qualified charitable distributions.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 30, 2021)
This bill allows taxpayers an election to make a qualified charitable distribution to a split-interest entity (i.e., a charitable remainder annuity trust, charitable remainder unitrust, or charitable gift annuity funded exclusively by qualified charitable distributions). The aggregate amount of distributions may not exceed $50,000, adjusted for inflation for taxable years beginning after 2022.
What just happenedApr 30, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Beyer, Donald S., Jr. [D-VA-8](D-VA)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions2related bills4subjects
- Introduced in HouseApr 30, 2021
- Apr 30, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 30, 2021IntroReferralIntro-H
Introduced in House
- Apr 30, 2021IntroReferral1000
Introduced in House