A bill to amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4511 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4511 To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 13, 2026 Mr. Cramer (for himself, Mr. Coons, Mr. Marshall, and Mr. Warner) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. EXCLUSION FROM GROSS INCOME OF CHARITABLE DISTRIBUTIONS FROM CERTAIN EMPLOYER-SPONSORED RETIREMENT PLANS. (a) In General.--Section 402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(m) Distributions for Charitable Purposes.-- ``(1) In general.--Gross income for any taxable year shall not include so much of the aggregate amount of qualified charitable distributions made with respect to a taxpayer during such taxable year which does not exceed the applicable amount. ``(2) Qualified charitable distribution.--For purposes of this subsection, the term `qualified charitable distribution' means any distribution from a qualified employer plan-- ``(A) which is made directly by the plan to an organization described in section 170(b)(1)(A) (other than any organization described in section 509(a)(3) or any fund or account described in section 4966(d)(2)), and ``(B) which is made on or after the date that the individual on whose behalf the distribution is made ha