Congress to Address IRA Charitable Distributions Soon


August 29, 2012 – The Senate Finance Committee yesterday released updated bill text, revenue estimates, and an analysis of the Family and Business Tax Cut Certainty Act of 2012. This bill contains a number of tax provision extensions, including an extension through 2013 of the popular IRA qualified charitable distribution option. Senate Majority Leader Harry Reid (D-Nev.) has indicated that he will try to bring the bill to a vote when Congress returns September 10 from its summer recess. House Republican leaders are reportedly working on their own version of tax extenders legislation, but it is not expected to be voted upon by the House before the November elections.

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