H.R. 6397 · 115th Congress
GIVING Act
- Stage
- In committee
- Sponsor
- Bill Posey
- Introduced
- 2018-07-17
- Latest action
- 2018-07-17 · Introduced in House
Summary
Good Incentives for Vital Non-profit Governance Act or the GIVING Act
This bill amends the Internal Revenue Code to establish a new 501(c)(3)(A) status for certain tax-exempt organizations with exempt-purpose expenditures that comprise at least 75% of the total expenditures of the organization for the year. Exempt-purpose expenditures exclude administrative expenses.