{ "id": "R43517", "type": "CRS Report", "typeId": "REPORTS", "number": "R43517", "active": true, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 448903, "date": "2016-01-15", "retrieved": "2016-04-06T17:28:46.912535", "title": "Recently Expired Charitable Tax Provisions (\u201cTax Extenders\u201d): In Brief", "summary": "The Protecting Americans from Tax Hikes Act of 2015, enacted as Division Q in the Consolidated Appropriations Act, 2016 (P.L. 114-113), made permanent several temporary charitable tax provisions. Previously, these charitable tax provisions had been a part of the \u201ctax extenders.\u201d Most recently before P.L. 114-113, \u201ctax extenders\u201d were extended in The Tax Increase Prevention Act of 2014 (P.L. 113-295). Under P.L. 113-295, provisions that had expired at the end of 2013 were extended, for one year, through 2014. This report briefly summarizes the temporary charitable tax provisions that were made permanent in P.L. 114-113. The report also discusses the economic impact of these charitable tax provisions.\nThese and other temporary tax provisions that are regularly extended for one or two years are often referred to as \u201ctax extenders.\u201d This report briefly summarizes the temporary charitable tax provisions that expired at the end of 2013 and are being considered for extension. The report also discusses the economic impact of these charitable tax provisions.\nFour charitable tax provisions are discussed in this report: (1) the enhanced charitable deduction for contributions of food inventory; (2) tax-free distributions from individual retirement accounts for charitable purposes; (3) basis adjustment to stock of S corporations making charitable contributions of property; and (4) special rules for contributions of capital gain real property for conservation purposes. There are other \u201ctax extender\u201d provisions that may affect tax-exempt entities discussed in other CRS products. Specifically, CRS Report R43510, Selected Recently Expired Business Tax Provisions (\u201cTax Extenders\u201d), by Jane G. Gravelle, Donald J. Marples, and Molly F. Sherlock includes a discussion of the modification of tax treatment of certain payments to controlling exempt organizations. Extender provisions related to the low-income housing tax credit, which may be relevant for tax-exempt organizations, are discussed in CRS Report R43449, Recently Expired Housing Related Tax Provisions (\u201cTax Extenders\u201d): In Brief, by Mark P. Keightley. \n***Summary to be suppressed. Text included here for search purposes only***\n_Toc386445608\nEnhanced Charitable Deduction for Contributions of Food Inventory\nTax-Free Distributions from Individual Retirement Plans for Charitable Purposes\nBasis of S Corporation Stock for Charitable Contributions\nSpecial Rules for Contributions of Capital Gain Real Property Made for Conservation Purposes\nFighting Hunger Incentive Act of 2015 (H.R. 644); Subsequently the America Gives More Act of 2015\nPermanent IRA Charitable Contribution Act of 2015 (H.R. 637); America Gives More Act of 2015 (H.R. 644)\n\nTax Relief Extension Act of 2015 (S. 1946)\nPermanent S Corporation Charitable Contribution Act of 2015 (H.R. 630); America\u2019s Small Business Tax Relief Act (H.R. 636)\nConservation Easement Incentive Act of 2015 (H.R. 641); America Gives More Act of 2015 (H.R. 644)", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R43517", "sha1": "c4de322422219e1bba272b0cd0e1d2a3e7b2b636", "filename": "files/20160115_R43517_c4de322422219e1bba272b0cd0e1d2a3e7b2b636.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R43517", "sha1": "a809ec81091a8815d4c324da4faed7f65e72e70d", "filename": "files/20160115_R43517_a809ec81091a8815d4c324da4faed7f65e72e70d.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 3368, "name": "Tax-Exempt Organizations and Charitable Giving" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc815351/", "id": "R43517_2015Feb06", "date": "2015-02-06", "retrieved": "2016-03-19T13:57:26", "title": "Recently Expired Charitable Tax Provisions (\u201cTax Extenders\u201d): In Brief", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20150206_R43517_3b188f82c2690fbe61964997a8003a280cc583f1.pdf" }, { "format": "HTML", "filename": "files/20150206_R43517_3b188f82c2690fbe61964997a8003a280cc583f1.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc462759/", "id": "R43517_2014Oct17", "date": "2014-10-17", "retrieved": "2014-12-05T09:57:41", "title": "Recently Expired Charitable Tax Provisions (\"Tax Extenders\"): In Brief", "summary": "This report discusses the four charitable tax provisions are discussed in this report: the enhanced charitable deduction for contributions of food inventory; tax-free distributions from individual retirement accounts for charitable purposes; basis adjustment to stock of S corporations making charitable contributions of property; and special rules for contributions of capital gain real property for conservation purposes.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20141017_R43517_816cbc59f46a84b2bc0584b38dc017b653b4c003.pdf" }, { "format": "HTML", "filename": "files/20141017_R43517_816cbc59f46a84b2bc0584b38dc017b653b4c003.html" } ], "topics": [ { "source": "LIV", "id": "Taxation", "name": "Taxation" }, { "source": "LIV", "id": "Charitable contributions", "name": "Charitable contributions" }, { "source": "LIV", "id": "Tax rates", "name": "Tax rates" } ] } ], "topics": [ "Appropriations", "Economic Policy" ] }