To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

USA116^th CongressHR-3188| House

| Updated: 6/10/2019

This bill amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to extend from 5 years to 20 years the time period during which a corporation that is a regulated public utility or an affiliated group may carry over excess charitable contributions.

View Full Text

Taxation

Charitable contributionsCorporate finance and managementIncome tax deductionsPublic utilities and utility rates

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

USA116^th CongressHR-3188| House

| Updated: 6/10/2019

View Full Text

Mike Thompson

Democratic Representative

California

Cosponsors (1)

Jason Smith (Republican)

Ways and Means Committee

Taxation

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Charitable contributionsCorporate finance and managementIncome tax deductionsPublic utilities and utility rates

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

Suggested Questions

Taxation

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

Suggested Questions

Mike Thompson

Ways and Means Committee

Taxation

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

Suggested Questions

Taxation

To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.

Suggested Questions

Mike Thompson

Ways and Means Committee

Taxation