Permanent IRA Charitable Contribution Act of 2014

Permanent IRA Charitable Contribution Act of 2014 - Amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts (IRAs) for charitable purposes.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4619 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4619

 To amend the Internal Revenue Code of 1986 to make permanent the rule 
  allowing certain tax-free distributions from individual retirement 
                   accounts for charitable purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 8, 2014

 Mr. Schock (for himself and Mr. Blumenauer) introduced the following 
      bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make permanent the rule 
  allowing certain tax-free distributions from individual retirement 
                   accounts for charitable purposes.

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

SECTION 1. RULE ALLOWING CERTAIN TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL 
              RETIREMENTS ACCOUNTS FOR CHARITABLE PURPOSES MADE 
              PERMANENT.

    (a) In General.--Section 408(d)(8) of the Internal Revenue Code of 
1986 is amended by striking subparagraph (F).
    (b) Effective Date.--The amendment made by this section shall apply 
to distributions made in taxable years beginning after December 31, 
2013.
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