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House to consider permanency for expired giving incentives (30 January 2015)
House Majority Leader Kevin McCarthy (R-CA) circulated a memo to Republican colleagues yesterday announcing plans to consider the week of February 9 legislation that would make permanent three charitable giving incentives. Multiple efforts to enact permanently these provisions during the final months of 113th Congress were unsuccessful, in part due to the threat of a presidential veto. Learn more

Finance Committee assembles tax reform working groups (15 January 2015)
Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) have formally announced the formation of five tax reform working groups. In an effort to lay the groundwork for a future rewrite of the tax code, the groups will work with the nonpartisan Joint Committee on Taxation to prepare a comprehensive analysis of the tax areas under their purview by the end of May. Learn more about tax reform

Congress restores 2014 giving incentives; 113th Congress adjourns (17 December 2014)
The Senate signed off on legislation (H.R. 5771) yesterday evening that will reinstate retroactively dozens of expired tax provisions, including the IRA charitable rollover and the enhanced deductions for donating land conservation easements and food inventory. While taxpayers will be able to employ these provisions in the upcoming filing season for the 2014 tax year, the package will expire again in roughly two-weeks' time, on January 1, 2015. The House passed the measure on December 3. The vote brought to a close the 113th Congress, and the incoming class of lawmakers is expected to convene on January 6. Learn more

House fails to advance bill to make permanent charitable giving incentives
(11 December 2014)
This afternoon, the House failed to advance the Supporting America's Charities Act (H.R. 5806), a bill that would have made permanent the IRA charitable rollover and the enhanced deductions for donations of land conservation easements and food inventory. The vote was 275 in favor and 149 opposed, just eight votes shy of the two-thirds supermajority needed under the expedited procedural rule used to consider the legislation. Independent Sector and 1,031 organizations from across the charitable and philanthropic sector sent a letter two weeks prior, urging all 535 Members of Congress to permanently enact the charitable giving incentives in the America Gives More Act (H.R. 4719). Learn more

House passes package of charitable provisions (17 July 2014)
Today, the House of Representatives passed by 277-130 the America Gives More Act (H.R. 4719), a package of five charitable provisions that includes making permanent three expired tax extenders: the IRA charitable rollover, the enhanced deduction for donating land conservation easements, and the enhanced deduction for donating food inventory. Also in the package is a measure to extend through April 15 the deadline for claiming charitable donations on the previous year's tax filing and a measure to simplify to 1 percent the excise tax rate for private foundations' investment income. The Ways and Means Committee approved all five provisions at a markup on May 29. The floor vote came the same week that more than 850 organizations joined Independent Sector in a letter to House lawmakers urging them to support permanent reinstatement of the charitable extenders. The letter ran as a public ad in Roll Call July 16. Learn more
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