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Senate 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 and the president plans to sign it into law in the coming days. 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. Learn more

Extenders a priority in lame duck session
(18 November 2014)
Members of the 113th Congress returned to Washington last week for a post-election session. Among the items lawmakers are expected to address before the end of the year is the package of expired provisions known as tax extenders, which include the IRA charitable rollover and the enhanced deductions for donating food and land conservation easements. The Senate is expected to act first on this issue, repurposing one of the House-passed bills that would make permanent twelve extenders provisions for its preferred two-year extension legislation. While House Republican tax-writers have indicated they will advocate for the permanent extension of select provisions in lame duck negotiations with the Senate, others are pushing for a temporary renewal. Independent Sector and 1,031 organizations from across the charitable and philanthropic sector sent a letter today, urging all 535 Members of Congress to permanently enact the charitable giving incentives in the America Gives More Act (H.R. 4719).

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

IRS: New 501(c)(4) political activity rules forthcoming, hearing delayed
(23 May 2014)
The IRS released a statement yesterday confirming the agency will re-issue a proposal to regulate the political activity of 501(c)(4) social welfare groups, and that a public hearing will occur only after the second draft of rules goes public. IRS Commissioner John Koskinen made comments last month reflecting the IRS decision to scrap the November proposal that received more than 169,000 comments, but had said there would be a hearing on this first version ahead of any new round of guidelines. An IRS official stressed the agency will be incorporating the comments into the forthcoming draft.
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