Number: RS21144
Title: Tax Incentives for Charity: An Overview of Legislative Proposals
Authors: Jane G. Gravelle, Government and Finance Division 
Abstract: This report discusses the development of proposals for tax incentives for charity embodied in H.R. 7 and S. 476 in the 108th Congress and S. 6 in the 109th; the revisions in the Pension Protection Act (P.L. 109-280), and prospects for future legislation. Proposed changes initially included charitable deductions for non-itemizers, rollovers of IRAs into charitable uses, a reduction in the excise tax on private foundation income, an increase in the deductions cap for corporate contributions, and several narrower provisions relating to business contributions of property and charitable remainder trusts. P.L. 109-280 included some of these changes, along with some revenue offsets.
Pages: 6
Date: September 13, 2007