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JCT Estimates Charitable IRA Amendment Would Cost $8.8 Billion

FEB. 3, 2015

JCX-7-15

DATED FEB. 3, 2015
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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
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