US HB1686 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 9-4)
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities. This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.
Title
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.
Sponsors
| Rep. Erik Paulsen [R-MN] | Rep. Mike Thompson [D-CA] | Rep. Patrick Tiberi [R-OH] | Rep. Billy Long [R-MO] |
| Rep. Mac Thornberry [R-TX] | Rep. Jason Smith [R-MO] | Rep. Patrick Meehan [R-PA] | Rep. Tom Emmer [R-MN] |
| Rep. Lloyd Smucker [R-PA] | Rep. Luis Correa [D-CA] | Rep. Ron Kind [D-WI] | Rep. Kenny Marchant [R-TX] |
| Rep. Jim Costa [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-22 | House | Referred to the House Committee on Ways and Means. |
| 2017-03-22 | House | Introduced in House |
Subjects
Charitable contributions
Corporate finance and management
Income tax deductions
Public utilities and utility rates
Taxation
Corporate finance and management
Income tax deductions
Public utilities and utility rates
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/1686/all-info |
| Text | https://www.congress.gov/115/bills/hr1686/BILLS-115hr1686ih.pdf |
