Legislation from United States of America Senate

Charities Helping Americans Regularly Throughout the Year Act of 2019

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Summary
Title:

Charities Helping Americans Regularly Throughout the Year Act of 2019

Charities Helping Americans Regularly Throughout the Year Act of 2019
This bill modifies several tax provisions in the Internal Revenue Code affecting charitable contributions and tax-exempt organizations.
The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and that rate may not be less than the rate for medical purposes (20 cents per mile in 2019).
The bill requires tax-exempt organizations to file their returns in electronic form.
The bill excludes from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor advised fund (DAF). The bill also modifies disclosure requires for DAFs. (A DAF is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.)
The bill reduces from 2% to 1% the excise tax on the investment income of private foundations and eliminates a provision that reduces the rate to 1% if a foundation meets certain distribution requirements.
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05/15/19

Introduced

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Introduced in Senate

Date: May 15, 2019

Content
Code:
116.S.1475
Subject:
Taxation
Charities Helping Americans Regularly Throughout the Year Act of 2019
Date: May 15, 2019 Official Title: To amend the Internal Revenue Code to extend and modify certain charitable tax provisions.Short title This Act may be cited as the "Charities Helping Americans Regularly Throughout the Year Act of 2019".Determination of standard mileage rate for charitable contributions deduction Subsection (i) of of the Internal Revenue Code of 1986 is amended to read as follows:
Standard mileage rate for use of passenger automobile For purposes of computing the deduction under this section for use of a passenger automobile, the standard mileage rate shall be the rate determined by the Secretary, which rate shall not be less than the standard mileage rate used for purposes of section 213. .Effective date The amendment made by this section shall apply to miles traveled after the date of the enactment of this Act. Mandatory electronic filing Any organization required to file a return under this section shall file such return in electronic form. .Conforming amendment Paragraph (7) of section 527(j) of such Code is amended by striking "if the organization has" and all that follows through "such calendar year".Inspection of electronically filed annual returns Subsection (b) of section 6104 of such Code is amended by adding at the end the following: "Any annual return required to be filed electronically under section 6033(n) shall be made available by the Secretary to the public as soon as practicable in a machine readable format.".
  • (1) In general Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. * (i) In general In the case of any small organizations, or any other organizations for which the Secretary of the Treasury or the Secretary's delegate (hereafter referred to in this paragraph as the "Secretary") determines the application of the amendments made by this section would cause undue burden without a delay, the Secretary may delay the application of such amendments, but such delay shall not apply to any taxable year beginning on or after the date 2 years after of the enactment of this Act. * (ii) Small organization For purposes of clause (i), the term means any organization