JCT Says Charitable Donations Bill Would Cost Less Than $500,000

MAR. 25, 2015

JCX-69-15

DATED MAR. 25, 2015

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Citations: JCX-69-15

JOINT COMMITTEE ON TAXATION

March 25, 2015

JCX-69-15

Fiscal Years 2015 - 2025

[Millions of Dollars]

_____________________________________________________________________

Provision Effective

_____________________________________________________________________

Accelerate the Income Tax Benefits for Certain

Cash Charitable Contributions and Clarify that

Payments made by Charitable Organizations to

Families of Victims are Treated as Exempt

Payments ¹

2015 2016 2017 2018 2019 2020 2021

_____________________________________________________________________

² ² -- -- -- -- --

2022 2023 2024 2025 2015-20 2015-25

_____________________________________________________________________

-- -- -- -- ² ²

_____________________________________________________________________

Joint Committee on Taxation

NOTE: Details may not add to totals due to rounding. The date of

enactment is generally assumed to be July 1, 2015.

FOOTNOTES TO TABLE

¹ The provision allowing acceleration of a donor's

charitable deduction applies to contributions made between January 1,

2015, and April 15, 2015. The provision clarifying that distributions

from an organization will be treated as related to the organization's

tax-exempt status applies to payments made on or after December 20,

2014, and on or before October 15, 2015.

² Loss of less than $500,000.

END OF FOOTNOTES TO TABLE

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