HR 6397 · 115th Congress · Taxation

GIVING Act

Introduced 2018-07-17· Sponsored by Rep. Posey, Bill [R-FL-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-07-17)

Plain Language Summary

[AI summary unavailable — showing source text] Good Incentives for Vital Non-profit Governance Act or the GIVING Act This bill amends the Internal Revenue Code to establish a new 501(c)(3)(A) status for certain tax-exempt organizations with exempt-purpose expenditures that comprise at least 75% of the total expenditures of the organization for the year. Exempt-purpose expenditures exclude administrative expenses.…

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