House of Representatives Passes Bill Permanently Reinstating IRA Charitable Rollover

American Alliance of Museums
Posted:  July 18, 2014

Yesterday afternoon, the U.S. House of Representatives passed H.R. 4719, legislation that would permanently reinstate three charitable giving tax incentives, among them the IRA Charitable Rollover provision. This strong, bipartisan vote came on the heels of an open letter from over 850 nonprofit organizations in support of these provisions. Thank you to the more than 220 museums spanning 47 states that joined the Alliance in signing on!

“I congratulate the House of Representatives on passing this common sense legislation, and hope the Senate will act on it,” said Alliance President Ford W. Bell. “The IRA Charitable Rollover is a vital tool in museums’ efforts to deepen their economic and educational impact in their communities.”

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