House Passes "America Gives More Act;"
Bill Would Permanently Extend Key Charitable Giving Incentives

Updated 2/12/2015

Legislation to extend key charitable giving incentives on a permanent basis passed the U.S. House of Representatives on February 12, 2015, by a vote of 279-137. H.R. 644, the America Gives More Act, promotes giving to the work of charitable nonprofits in communities across the country. The bill now moves to the U.S. Senate for consideration.

H.R. 644 would renew and make permanent three charitable tax incentives:

  • the IRA Rollover, allowing contributions from individual retirement accounts directly to charitable nonprofits;
  • enhanced deduction for donations of food inventories, promote donations of nutritious food to food banks; and
  • donations of conservation easements, to aid in conservation of land.

The bill would also simplify the private foundation excise tax, allowing foundations to more effectively plan and execute their grantmaking and potentially making more funds available for good works.

When Congress reauthorized the incentives for the IRA rollover, conservation easements and food donations in December 2014, it did so only retroactively for 2014, leaving charities with a less than two-week window of deductibility -- far too late in the year to be beneficial to most charities. Each of these provisions has expired again.  

It is not known how quickly the Senate will take up the issue, as Senators are also trying to develop comprehensive tax reform proposals which may include these and many other provisions.

It's important to keep telling our elected officials in Washington that passing permanent extensions of these tax incentives is very important to non-profits and the people you serve.

Our deep thanks to all everyone who contacted your members of Congress in support. Your advocacy makes the difference!

We will share additional updates as they become available. You can also find more information about the America Gives More Act from the National Council of Nonprofits at https://www.councilofnonprofits.org/trends-policy-issues/america-gives-more-act .

 

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