IB
Union Calendar No. 318
113th CONGRESS
2d Session
H. R. 4454
[Report No. 113–430]
IN THE HOUSE OF REPRESENTATIVES
April 10, 2014
Mr. Reichert (for himself and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means
May 2, 2014
Additional sponsor: Mr. Reed
May 2, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
A BILL
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.
Short title
This Act may be cited as the Permanent S Corporation Charitable Contributions Act of 2014
.
Permanent rule regarding basis adjustment to stock of S corporations making charitable contributions of property
In general
Section 1367(a)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence.
Effective date
The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2013.
May 2, 2014
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed