Code Section 1367

Code Section	Effective Date	Name of Act	Name of Provision	10yr Revenue Estimate ($millions)
1367	12/31/2011	The American Taxpayer Relief Act of 2012	Basis adjustment to stock of S corporations making charitable contributions of property	-225
1367	12/31/2009	The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010	Basis adjustment to stock of S corps making charitable contributions of property	-82

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Basis adjustment to stock of S corporations making charitable contributions of property

Explanation of Provision

The provision extends the rule relating to the basis reduction on account of charitable contributions of property for two years to contributions made in taxable years beginning before January 1, 2014.

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Basis adjustment to stock of S corps making charitable contributions of property

Explanation of Provision

The provision extends the rule relating to the basis reduction on account of charitable contributions of property for two years to contributions made in taxable years beginning before January 1, 2012.

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