H.R. 113-4719 went from the Rules Committee to the House last week. The bill, which includes charitable extenders among its five measures, overcame a motion to send it to the Ways and Means Committee to limit the extenders and was approved by the House. Though White House senior advisors will likely recommend that President Obama veto the bill, it is unclear what the President will do if the bill comes across his desk.
See, House Approves Charitable Extenders, Including a Permanent IRA Rollover, Charitable Planning, July 18, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
