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H.R. 1419, The Public Good IRA Rollover Act of 2007 (2 comments ↓)
H.R. 1419 would amend the Internal Revenue Code of 1986 to expand tax-free distributions from individual retirement accounts for charitable purposes.
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Visitor Comments
Matthew Wolfe, CPA
Passage of this bill would significanty help individuals by allowing them more planning flexibility while assisting public charities in this time of economic slowdown. It should result in funds getting to those in our society who most need assistance.
Henry Cummins
In a period of drastic decline in charitable donations the ways and means committee has an opportunity to produce a significant flow of contributions.