US HB3188 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 10 2019 - 25% progression, died in committee
Action: 2019-06-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 10 2019 - 25% progression, died in committee
Action: 2019-06-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.
Title
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.
Sponsors
Rep. Mike Thompson [D-CA] | Rep. Jason Smith [R-MO] |
History
Date | Chamber | Action |
---|---|---|
2019-06-10 | House | Referred to the House Committee on Ways and Means. |
2019-06-10 | House | Introduced in House |
Subjects
Charitable contributions
Corporate finance and management
Income tax deductions
Public utilities and utility rates
Taxation
Corporate finance and management
Income tax deductions
Public utilities and utility rates
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3188/all-info |
Text | https://www.congress.gov/116/bills/hr3188/BILLS-116hr3188ih.pdf |