A bill to amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires exclusion from gross income of charitable distributions from certain employer-sponsored retirement plans Section 402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new. It relies on definition changes, tax rate changes, compliance mandates, and procurement rules. The main policy areas are Commerce and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Businesses and employers affected by the bill would take on compliance duties.
Key Provisions
- Requires exclusion from gross income of charitable distributions from certain employer-sponsored retirement plans Section 402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires exclusion from gross income of charitable distributions from certain employer-sponsored retirement plans Section 402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Key Policy Areas
Commerce, Finance
Primary Purpose
The bill requires exclusion from gross income of charitable distributions from certain employer-sponsored retirement plans Section 402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Cramer (for himself, Mr. Coons, Mr. Marshall, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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