Victory for IRA Rollover in the House
The House of Representatives passed legislation (H.R. 4719) that would reinstate and make permanent the IRA charitable rollover. This legislation would also extend the deadline through April 15 for making charitable contributions that can be included on the previous year’s tax return. The final vote was 277-130.
PAA, fellow arts advocates, and the greater charitable sector have been active on this issue, visiting Congressional offices, urging lawmakers to reinstate this provision, and sharing stories with representatives of how arts organizations have benefitted from this tax provision. Next, the legislation moves on to the Senate.