H.R. 1104 — Introduced in House

I 114th CONGRESS 1st Session H. R. 1104 IN THE HOUSE OF REPRESENTATIVES February 26, 2015 Mr. Roskam introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide a deduction from the gift tax for gifts made to certain exempt organizations. 1. Short title This Act may be cited as the Fair Treatment for All Donations Act. 2. Deduction from gift tax for gifts made to certain exempt organizations (a) In general Section 2522(a) of the Internal Revenue Code of 1986 is amended by striking the period at the end of paragraph (4) and inserting a semi-colon and by inserting after paragraph (4) the following new paragraph: (5) an organization described in paragraph (4), (5), or (6) of section 501(c) and exempt from tax under section 501(a). . (b) Effective date The amendment made by subsection (a) shall apply to gifts made after the date of the enactment of this Act. (c) No inference Nothing in the amendment made by subsection (a) shall be construed to create any inference with respect to whether any transfer of property (whether made before, on, or after the date of the enactment of this Act) to an organization described in paragraph (4), (5), or (6) of section 501(c) of the Internal Revenue Code of 1986 is a transfer of property by gift for purposes of chapter 12 of such Code.