The Legacy IRA HR 5171
The Board of Directors of the American Council on Gift Annuities is excited to join the remainder of the charitable community in announcing the introduction of HR 5171, The Legacy IRA.
This bill will extend the right of American taxpayers to use portions of their Individual Retirement Accounts to fund Charitable Remainder Trusts and Charitable Gift Annuities during their lifetime. This compliments and completes the provisions of the PATH Act of 2015 which made the use of IRA assets for lifetime outright gifts permanent.
Also begin immediately contacting your Congressmen and Senators and ask them to become co-sponsors of HR 5171. NOW IS THE TIME WE HAVE WAITED FOR DURING THE LAST SEVERAL DECADES!. You are a vital part of making The Legacy IRA a reality. Do your part now!
Click here to view ACGA”s letter to The Honorable Peter Roskam in support of The Legacy IRA.