JCT Estimates Charitable IRA Amendment Would Cost $8.8 Billion
FEB. 3, 2015
JCX-7-15
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-2643
- Tax Analysts Electronic Citation2015 TNT 23-25
Citations: JCX-7-15
JOINT COMMITTEE ON TAXATION
February 3, 2015
JCX-7-15
The Chairman's amendment in the nature of a substitute modifies H.R. 637. The amendment provides that the bill may be cited by the short title, the "Permanent IRA Charitable Contribution Act of 2015."
The following presents the estimated Federal fiscal year budget effects of the Chairman's amendment.
Fiscal Years
[Millions of Dollars]
_____________________________________________________________________
2015 2016 2017 2018 2019 2020
_____________________________________________________________________
-196 -659 -702 -775 -813 -855
2021 2022 2023 2024 2025 2015-20 2015-25
_____________________________________________________________________
-895 -933 -967 -1,001 -1,030 -4,000 -8,826
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-2643
- Tax Analysts Electronic Citation2015 TNT 23-25