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.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to allow certain charitable distributions from employer-sponsored retirement plans to be excluded from the recipient's gross income for tax purposes. The bill was referred to the Senate Finance Committee and has not yet been considered on the floor. Without access to the full text, the specific scope of which retirement plans and distributions would qualify, and any other provisions, cannot be determined.
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