lobbying_activities: 2859138
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| id | filing_uuid | filing_type | registrant_name | registrant_id | client_name | filing_year | filing_period | issue_code | specific_issues | government_entities | income_amount | expense_amount | is_no_activity | is_termination | received_date |
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| 2859138 | 9a451375-d4cc-446d-90bf-ecf0831a7af2 | Q3 | ASSOCIATION OF FUNDRAISING PROFESSIONALS | 28561 | ASSOCIATION OF FUNDRAISING PROFESSIONALS | 2022 | third_quarter | TAX | S. 243, IRA Legacy Act. This bill amends the Internal Revenue Code to expand the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes. The bill increases from $100,000 to $400,000 the annual limit on the aggregate amount of distributions for charitable purposes that may be excluded from the gross income of a taxpayer. The bill permits tax-free distributions from IRAs to a split-interest entity for four years after the enactment of this bill. A split-interest entity is exclusively funded by charitable distributions and includes: a charitable remainder annuity trust, a charitable remainder unitrust, or a charitable gift annuity. A charitable gift annuity must commence fixed payments of at least 5% no later than one year from the date of funding. H.R. 2954, Securing a Strong Retirement Act of 2021 (SECURE Act 2.0), which would expand coverage and increase retirement savings and simplify and clarify retirement rules. The bill contains a version of the Legacy IRA Act (above). S. 618 and H.R. 1704, The Universal Giving Pandemic Response and Recovery Act, which would expand the current (but temporary) universal charitable deduction, was introduced in Congress in March 2021 by a bipartisan, bicameral group of lawmakers. The bill would increase the cap on the temporary universal charitable deduction (UCD) from $300/$600 to one-third of the standard deduction, roughly $4,000 for individuals and $8,000 for joint filers. It would also extend the availability of the deduction through 2022, and it would allow gifts to donor-advised funds (which the current version prohibits). | HOUSE OF REPRESENTATIVES,SENATE | 0 | 0 | 2022-09-16T15:35:31-04:00 |