H.R. 4907 — Introduced in House

I 114th CONGRESS 2d Session H. R. 4907 IN THE HOUSE OF REPRESENTATIVES April 12, 2016 Mr. Holding (for himself, Mr. Tiberi, Mr. Nunes, Mr. Paulsen, Mr. Kelly of Pennsylvania, and Mr. Gene Green of Texas) 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 allow tax-free distributions from individual retirement plans to donor-advised funds. 1. Short title This Act may be cited as the Grow Philanthropy Act of 2016. 2. Tax-free distributions from individual retirement plans to donor-advised funds (a) In general Section 408(d)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking or any fund or account described in section 4966(d)(2). (b) Effective date The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2016.