H. R. 4907
IN THE HOUSE OF REPRESENTATIVES
April 12, 2016
Mr. Holding (for himself, Mr. Tiberi, Mr. Nunes, Mr. Paulsen, Mr. Kelly of Pennsylvania, and Mr. Gene Green of Texas) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to allow tax-free distributions from individual retirement plans to donor-advised funds.
This Act may be cited as the
Grow Philanthropy Act of 2016.
Tax-free distributions from individual retirement plans to donor-advised funds
Section 408(d)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking
or any fund or account described in section 4966(d)(2).
The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2016.