Permanent S Corporation Charitable Contributions Act of 2014

Hozzl · 2024-03-14T12:48:49Z

Explore the details of House Bill 4454 Permanent S Corporation Charitable Contributions Act of 2014 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/14/2024, 12:48 PM

Congressional Summary of HR 4454

Permanent S Corporation Charitable Contributions Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule requiring an adjustment to the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of appreciated property in taxable years beginning after 2013.

Current Status of Bill HR 4454

Bill HR 4454 is currently in the status of Bill Introduced since April 10, 2014. Bill HR 4454 was introduced during Congress 113 and was introduced to the House on April 10, 2014. Bill HR 4454's most recent activity was Placed on the Union Calendar, Calendar No. 318. as of May 2, 2014

Bipartisan Support of Bill HR 4454

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4454

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4454

Permanent S Corporation Charitable Contributions Act of 2014

To amend the Internal Revenue Code of 1986 to make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property.

Permanent S Corporation Charitable Contributions Act of 2014