JCT Estimates Charity Bill Would Cost $14.3 Billion
FEB. 12, 2015
JCX-45-15
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 644
. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-3648
- Tax Analysts Electronic Citation2015 TNT 30-14
Citations: JCX-45-15
JOINT COMMITTEE ON TAXATION
February 12, 2015
JCX-45-15
Fiscal Years 2015-2025
[Millions of Dollars]
______________________________________________________________________
Provision Effective
______________________________________________________________________
1. Extension and expansion of charitable deduction cma DOE ityeasd
for contributions of food inventory & cmi tyea DOE
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-59 -160 -195 -202 -209 -216 -223
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-231 -239 -248 -256 -1,041 -2,239
2. Make permanent the rule allowing certain tax-free
distributions from individual retirement accounts dmi tyba
for charitable purposes 12/31/14
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-196 -659 -702 -775 -813 -855 -895
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-933 -967 -1,001 -1,030 -4,000 -8,826
3. Modify and make permanent the special rule for cmi tyba
qualified conservation contributions 12/31/14
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-25 -73 -86 -90 -94 -103 -120
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-136 -150 -164 -178 -470 -1,220
4. Modify the tax rate for excise tax on investment
income of private foundations tyba DOE
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
1 -129 -172 -180 -187 -195 -203
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-212 -221 -230 -240 -863 -1,969
NET TOTAL
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-280 -1,021 -1,155 -1,247 -1,303 -1,369 -1,441
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-1,512 -1,577 -1,643 -1,704 -6,374 -14,254
______________________________________________________________________
Joint Committee on Taxation
-----------------------------
NOTE: Details may not add to totals due to rounding. Date of enactment
assumed to be April 1, 2015. Revenue provisions as submitted in
statutory draft RYANWI_010.
Legend for "Effective" column:
cma = contributions made after
cmi = contributions made in
dmi = distributions made in
DOE = date of the enactment
ityeasd = in taxable years ending after such date
tyba = taxable years beginning after
tyea = taxable years ending after
FOOTNOTE TO TABLE
1 Loss of less than $500,000.
END OF FOOTNOTE TO TABLE
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 644.
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-3648
- Tax Analysts Electronic Citation2015 TNT 30-14
