The Pension Protection Act of 2006 (PPA, formerly H.R. 4) was enacted on August 17, 2006. The act includes a number of charitable reforms and incentives, included in the technical explanation of the legislation by the Joint Committee on Taxation (explanation of charitable provisions starts on page 263).
On these pages, you will find Council analyses of the charitable provisions in the Act. You will also find a collection of IRS/Treasury guidance that has come out with respect to those provisions, along with Council commentary and correspondence regarding IRS/Treasury guidance.
Members of the Council may continue to send their questions on the PPA charitable provisions to email@example.com.
The information provided here is based on our continuing analysis of the law. Every effort has been made to ensure accuracy of these documents. Please understand, however, that due to the complexity of the law and the fact that many of these provisions introduce issues that are new to the Internal Revenue Code, this information is subject to change. This information is not a substitute for expert legal, tax or other professional advice and we strongly encourage grantmakers and donors to work with their counsel to determine the impact of this legislation on their particular situations. This information may not be relied upon for the purposes of avoiding any penalties that may be imposed under the Internal Revenue Code.