HR 5318 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 with respect to the treatment of charitable contributions of appreciated property by S corporations.

Introduced 1990-07-19· Sponsored by Rep. Kennelly, Barbara B. [D-CT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1990-07-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide for increasing the basis of a shareholder's stock in an S corporation (certain small businesses) by taking into account charitable contributions of property by such shareholder.…

Summarized by Claude AI · Non-partisan · For informational purposes only