To amend the Internal Revenue Code of 1986 to provide that charitable contributions of appreciated property will not be treated as an item of tax preference.

Amends the Internal Revenue Code to remove charitable contributions of appreciated capital gain property as an item of tax preference for purposes of the alternative minimum tax.

[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 813 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 813

 To amend the Internal Revenue Code of 1986 to provide that charitable 
contributions of appreciated property will not be treated as an item of 
                            tax preference.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1993

Mr. Andrews of Texas (for himself, Ms. Pelosi, Mr. Bacchus of Florida, 
 Mr. King, Mr. McCollum, Mr. Gallegly, Mr. Solomon, Mr. Sundquist, Mr. 
Gingrich, Mrs. Schroeder, Mr. Gillmor, Mr. Hochbrueckner, Mr. Bateman, 
Mr. Pickett, Mr. Thomas of Wyoming, Mr. Sensenbrenner, Mr. Porter, Mr. 
  Smith of New Jersey, Mr. Torkildsen, Mr. Blute, Mrs. Kennelly, Mr. 
      Hinchey, Mr. Saxton, Mr. Spratt, Mr. Upton, Mrs. Johnson of 
Connecticut, Mr. Emerson, Mr. Machtley, Mr. Neal of Massachusetts, Mr. 
Lewis of Florida, Mr. Frost, Mr. Matsui, Mr. Walsh, Mr. Towns, Mr. Sam 
Johnson of Texas, and Mr. Jacobs) introduced the following bill; which 
            was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide that charitable 
contributions of appreciated property will not be treated as an item of 
                            tax preference.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF TREATMENT OF CHARITABLE CONTRIBUTIONS OF 
              APPRECIATED PROPERTY AS ITEM OF TAX PREFERENCE.

    (a) In General.--Subsection (a) of section 57 of the Internal 
Revenue Code of 1986 (relating to items of tax preference) is amended 
by striking paragraph (6) and by redesignating paragraph (7) as 
paragraph (6).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1991.

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