Summary: S.942 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.942. Bill summaries are authored by CRS.

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Introduced in Senate (04/15/2015)

Fair Treatment for All Gifts Act

This bill amends the Internal Revenue Code to allow a deduction from the taxable amount of gifts for gifts made to specified tax-exempt organizations, including: (1) social welfare organizations; (2) labor, agricultural, and horticultural organizations; and (3) business leagues, chambers of commerce, real-estate boards, boards of trade, and professional football leagues.