To amend the Internal Revenue Code of 1986 to clarify the valuation rule applicable to the early termination of certain charitable remainder unitrusts.

1/11/2023, 1:32 PM

Congressional Summary of HR 4192

This bill amends the Internal Revenue Code to set forth a special valuation rule for charitable remainder unitrusts that terminate early for purposes of the tax deduction for charitable contributions.

Current Status of Bill HR 4192

Bill HR 4192 is currently in the status of Bill Introduced since December 8, 2015. Bill HR 4192 was introduced during Congress 114 and was introduced to the House on December 8, 2015.  Bill HR 4192's most recent activity was Referred to the House Committee on Ways and Means. as of December 8, 2015

Bipartisan Support of Bill HR 4192

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
3
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4192

Primary Policy Focus

Taxation

Potential Impact Areas

Charitable contributionsIncome tax deductions

Alternate Title(s) of Bill HR 4192

To amend the Internal Revenue Code of 1986 to clarify the valuation rule applicable to the early termination of certain charitable remainder unitrusts.To amend the Internal Revenue Code of 1986 to clarify the valuation rule applicable to the early termination of certain charitable remainder unitrusts.
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