[Legislative Alert] H.R. 5771 IRA Charitable Rollover Update

Posted by National Association of Charitable Gift Planners on Dec 11, 2014 8:07:50 PM

Recent activity in the 113th Congress included a failed vote of H.R. 5806 which included a permanent provision of the IRA Charitable Rollover. This bill did not receive enough votes in the house for passage under the suspension rules. Furthermore a Statement of Administration Policy (SAP) was issued from the White House with the recommendation that the bill be vetoed. You may read the statement which defines the reasoning behind the veto position here.


H.R. 5806 is not expected to resurface in this session.

H. R. 5771 is still active and includes a one year extension of the IRA Charitable Rollover. This one year extension however is for the calendar year 2014 and will expire on December 31st. The bill has already passed the House and is expected to come up for a vote in the Senate after the spending bill is resolved and before the session is adjourned.

The circumstances around this bill, should it pass, are different than the early 2013 passage of the extender for the calendar year 2012. In that bill there was a grace period in early 2013 for donors to take advantage of the IRA Charitable Rollover and receive credit in the 2012 tax year. This will not be the case for the 2014 year. All donations under the provision will need to take place in the 2014 calendar year to be eligible for the IRA Charitable Rollover should the bill pass.

PPP will send a communication through all our media avenues as soon as we learn the results of the vote.

Topics: philanthropy, planned giving, Advocacy