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Legislative Progress
Momentum (last 30 days)
0
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 9,698 other HR bills in the 117th — cohort avg 63d
Accelerating Charitable Efforts Act or the ACE Act This bill modifies tax rules relating to donor advised funds (DAFs) (separately identified funds maintained and operated by a tax-exempt charitable organization for which a donor retains advisory privileges with respect to the distribution of funds and the investment of assets). Specifically, the bill places certain restrictions on charitable contribution deductions for gifts made to a nonqualified DAF. It also sets forth rules for the treatment of private foundation administrative expenses paid to disqualified persons and for the treatment of distributions to DAFs from private foundations. The bill imposes a 50% penalty on contributions held in a DAF that are not timely distributed. The bill also sets forth special rules for the treatment of contributions from DAFs for purposes of meeting the public support test (the requirement that charitable organizations receive a certain percentage of their support from public sources). The bill exempts from the tax on the investment income of a private foundation (1) distributions to a DAF of not less than 7% of the foundation's assets, and (2) for foundations that have a duration, specified in their governing documents, of not more than 25 years.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (8)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2023 · first_quarter · Taxation/Internal Revenue Code
Issues related to donor-advised funds including S. 1981 and H.R. 6595, the ACE Act (117th Congress - entire bill).
Client expense: Not reported · Firm income: $90,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
HR 6595 / S 1981, ACE Act
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
Strategic and policy advice on legislative and regulatory issues with respect to the philanthropic sector; Accelerating Charitable Efforts (ACE) Act (S.1981 and H.R.6595).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to donor-advised funds including S. 1981 and H.R. 6595, the ACE Act (entire bill).
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
Legislative and regulatory tax issues relating to charitable giving and donor-advised funds, including related provisions in S. 1981, the Accelerating Charitable Efforts Act and H.R. 6595, the Accelerating Charitable Efforts Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2022 · fourth_quarter · Taxation/Internal Revenue Code
Tax policy issues relating to donor-advised funds, private foundations, and the charitable sector, including related provisions in S. 1981, the Accelerating Charitable Efforts Act and H.R. 6595, the Accelerating Charitable Efforts Act.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2022 · fourth_quarter · Taxation/Internal Revenue Code
Legislative and regulatory tax issues impacting Jewish Federations, families, the charitable sector, and philanthropy, including related provisions in H.R. 6595/S. 1981 (the Accelerating Charitable Efforts Act).
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2022 · fourth_quarter · Taxation/Internal Revenue Code
Tax policy related to community foundations; philanthropy, charitable giving, and donor-advised funds H.R.6595/S.1981, ACE Act, Rules regarding donor-advised funds Tax treatment of scholarship related issues H.R.6226, Grave Injustice Parity Act, Entirety
Client expense: Not reported · Firm income: $180,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
Tax policy relating to donor-advised funds, private foundations, and the charitable sector. S1981 and HR6595, which impact philanthropic giving
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2022 · third_quarter · Taxation/Internal Revenue Code
Tax policy related to community foundations; philanthropy, charitable giving, and donor-advised funds H.R.6595/S.1981, ACE Act, Rules regarding donor-advised funds Tax treatment of scholarship related issues
Client expense: Not reported · Firm income: $170,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
HR 6595 / S 1981, ACE Act
Client expense: $120,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Strategic and policy advice on legislative and regulatory issues with respect to the philanthropic sector; Accelerating Charitable Efforts (ACE) Act (S.1981 and H.R.6595).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Donor advised funds, including relevant provisions of S. 1981 and H.R. 6595, the Accelerating Charitable Efforts Act
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Issues related to donor-advised funds including S. 1981 and H.R. 6595, the ACE Act (entire bill).
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Tax policy related to community foundations; philanthropy, charitable giving, and donor-advised funds H.R.6595/S.1981, ACE Act, Rules regarding donor-advised funds Tax treatment of scholarship related issues
Client expense: Not reported · Firm income: $170,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Tax policy relating to donor-advised funds, private foundations, and the charitable sector. S1981 and HR6595, which impact philanthropic giving
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2022 · second_quarter · Taxation/Internal Revenue Code
HR 6595 / S 1981, ACE Act
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Tax policy relating to donor-advised funds, private foundations, and the charitable sector. S1981 and HR6595, which impact philanthropic giving
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2022 · second_quarter · Taxation/Internal Revenue Code
Donor advised funds, including relevant provisions of S. 1981 and H.R. 6595, the Accelerating Charitable Efforts Act
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Strategic and policy advice on legislative and regulatory issues with respect to the philanthropic sector; Accelerating Charitable Efforts (ACE) Act (S.1981 and H.R.6595).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Issues related to donor-advised funds including S. 1981 and H.R. 6595, the ACE Act (entire bill).
Client expense: Not reported · Firm income: $90,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
Tax policy relating to donor-advised funds, private foundations, and the charitable sector. S1981 and HR6595, which impact philanthropic giving
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2022 · first_quarter · Taxation/Internal Revenue Code
Donor advised funds, including relevant provisions of S. 1981 and H.R. 6595, the Accelerating Charitable Efforts Act
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
H.R. 6595, Accelerating Charitable Efforts Act. Legislative proposals related to the state and local tax deduction and wealth taxes.
Client expense: $530,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES
2022 · first_quarter · Taxation/Internal Revenue Code
Strategic and policy advice on legislative and regulatory issues with respect to the philanthropic sector; Accelerating Charitable Efforts (ACE) Act (S.1981 and H.R.6595).
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
Issues related to donor-advised funds including S. 1981 and H.R. 6595, the ACE Act (entire bill).
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE