Moments ago the House of Representatives passed the PATH Act making the IRA Charitable Rollover and two other charitable giving incentives permanent law. Members of the House showed strong bipartisan support for these important measures with a vote of 318 - 109.

This House-passed bill is a victory for the sector, and one of the final hurdles to a signed bill making the IRA Charitable Rollover a permanent part of our tax code. Unfortunately, the bill did not simplify the private foundation excise tax or expand the IRA Charitable Rollover to donor advised funds.