Public Good IRA Rollover Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 30, 2015)
Public Good IRA Rollover Act of 2015
Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).
What just happenedApr 30, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateApr 30, 2015
- Apr 30, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 30, 2015IntroReferral10000
Introduced in Senate