S. 557 · 112th Congress
Public Good IRA Rollover Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SchumerSponsor14 cosponsors · 9 D, 5 R
D
Brown
RB
R
Burr
KG
D
Gillibrand
TJ
D
Johnson
JK
D
Kerry
PL
D
Leahy
CL
D
Levin
MP
D
Pryor
OS
R
Snowe
JB
D
Bingaman
MJ
R
Johanns
KH
R
Hutchison
DS
D
Stabenow
SC
R
Collins9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Public Good IRA Rollover Act of 2011 - 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…
What it does: CRS summary · Introduced in Senate · Mar 10, 2011
Public Good IRA Rollover Act of 2011 - 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).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Public Good IRA Rollover Act of 2011
Latest action (Mar 10, 2011): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Mar 10, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.