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JCT Estimates S Corp Charity Amendment Would Cost $635 Million

FEB. 3, 2015

JCX-17-15

DATED FEB. 3, 2015
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Citations: JCX-17-15

 

JOINT COMMITTEE ON TAXATION

 

February 3, 2015

 

JCX-17R-15

 

 

The Chairman's amendment in the nature of a substitute modifies H.R. 630. The amendment provides that the bill may be cited by the short title, the "Permanent S Corporation 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     2021

 

 _____________________________________________________________________

 

 

       -23      -49      -53      -55         -57         -59      -61

 

 

      2022     2023     2024     2025     2015-20     2015-25

 

 _____________________________________________________________________

 

 

       -64      -68      -71      -75        -296        -635
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