S. 942 · 114th Congress
Fair Treatment for All Gifts Act
- Stage
- In committee
- Sponsor
- Rob Portman
- Introduced
- 2015-04-15
- Latest action
- 2015-04-15 · Introduced in Senate
Summary
Fair Treatment for All Gifts Act
This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues.