Today, the House passed the America Gives More Act of 2015.  The Act consolidates four bills relevant to exempt organizations:

  • The Fighting Hunger Incentive Act of 2015, H.R. 644, which would expand and permanently extend the deduction for certain charitable contributions of apparently wholesome food, as defined in Section 170(e)(1)(C)(iii), from any trade or business
  • The Permanent IRA Charitable Contribution Act of 2015, H.R. 637, which would permanently extend the exclusion from the gross income of an IRA beneficiary of up to $100,000 of certain IRA distributions that are made directly to charitable organizations
  • The Conservation Easement Incentive Act of 2015, H.R. 641, which would modify the scope of, and permanently extend, the special rules for qualified conservation contributions
  • H.R. 640, which would reduce the rate of the excise tax on the net investment income of private foundations from two percent to one percent