H.R. 630 · 114th Congress
Permanent S Corporation Charitable Contribution Act of 2015
- Stage
- Reported from committee
- Sponsor
- David Reichert
- Introduced
- 2015-01-30
- Latest action
- 2015-02-09 · Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-16.
Summary
Permanent S Corporation Charitable Contribution Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the tax rule that reduces the basis of the stock of an S corporation shareholder by the adjusted basis (rather than fair market value) of any charitable contribution made by the S corporation.