IRA Legislation Proposed in the House

IRA Legislation Proposed in the House

The EXPIRE Act—which proposed to reinstate the IRA rollover among many other expired tax provisions—stalled in the full Senate on May 15 when it did not receive enough votes to overcome a filibuster. Meanwhile, in the House, Reps. Aaron Schock (R-IL 18^th) and Earl Blumenauer (D-OR 3^rd) introduced H.R. 4619 on May 8 which would make this tax provision permanent.
We know it’s critical for nonprofit arts organizations to provide many charitable giving opportunities for individual donors to support their vital programs and services.   
PAA continues to advocate for the reinstatement and permanent status of the IRA rollover. We signed on to an open letter to the House Ways and Means Committee from Independent Sector asking them to renew and make permanent the provision and asking committee members to co-sponsor H.R. 4619.

Tell your members of Congress how important it is that individual donors be able to support your organization’s work. Share your story here and take action to reinstate the IRA rollover.