Summary: H.R.630 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.630. Bill summaries are authored by CRS.

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Introduced in House (02/09/1999)

States that nothing in specified Internal Revenue Code provisions concerning the disallowance of the charitable deduction contribution shall be construed to permit a deduction for a transfer to or for the use of a charitable organization if the organization pays or has paid, or there is an understanding that any person will pay, personal benefit contract premiums on the transferor's behalf. Subjects such non-deductible payments to an excise tax.