# 114-hr-4706: Interest for Others Act of 2016

114-hr-4706, Interest for Others Act of 2016, is a 114th Congress bill sponsored by Rep. Paulsen, Erik [R-MN-3] (R-MN); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4706
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4706
- Congress: 114
- Title: Interest for Others Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-03-03
- Sponsor: Rep. Paulsen, Erik [R-MN-3] (R-MN)
- Cosponsors: 6
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Interest for Others Act of 2016 This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund. Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives contributions and makes payments to charities under a program.

## Cosponsors (6)

- Rep. Kline, John [R-MN-2] (R-MN), 2016-04-13T00:00:00.000Z
- Rep. Walz, Timothy J. [D-MN-1] (D-MN), 2016-05-16T00:00:00.000Z
- RICHARD NOLAN (D-MN), 2016-07-14T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2016-09-06T00:00:00.000Z
- COLLIN PETERSON (D-MN), 2016-09-28T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2016-11-14T00:00:00.000Z

## Related bills

- 114-hr-4626: BRACE Act
- 114-hr-4425: To designate the facility of the United States Postal Service located at 110 East Powerhouse Road in Collegeville, Minnesota, as the "Eugene J. McCarthy Post O…
- 114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015
- 114-hr-2646: Helping Families in Mental Health Crisis Act of 2016
- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-160: Protect Medical Innovation Act of 2015

## Sources
- [114-hr-4706 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4706)

## Related
- [114-hr-4626: BRACE Act](https://policyrisk.com/legislation/114-hr-4626)
- [114-hr-4425: To designate the facility of the United States Postal Service located at 110 Ea…](https://policyrisk.com/legislation/114-hr-4425)
- [114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015](https://policyrisk.com/legislation/114-hr-2903)
- [114-hr-2646: Helping Families in Mental Health Crisis Act of 2016](https://policyrisk.com/legislation/114-hr-2646)
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4706 (as of 2025-11-18).