If adopted, the Act would make the IRA charitable rollover permanent, simplify the private foundation excise tax, and extend the deadline for claiming charitable contributions.
On May 20th, Congressman Erik Paulsen (R-MN-3) introduced H.R. 4691, a bill that would simplify the private foundation excise tax to a flat rate of 1 percent. The bill is co-sponsored by Congressman Danny Davis (D-IL-7).
Congress returns to work this week — and, according to Politico , the extenders debate will quickly heat up. The Ways and Means Committee plans to take up on Tuesday the first in what Chairman Camp has said will be a series of measures reviving...
April 29, 2014
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