# 114-hr-5171: Legacy IRA Act

114-hr-5171, Legacy IRA Act, is a 114th Congress bill sponsored by Rep. Roskam, Peter J. [R-IL-6] (R-IL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5171
- 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-5171
- Congress: 114
- Title: Legacy IRA Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-05-06
- Sponsor: Rep. Roskam, Peter J. [R-IL-6] (R-IL)
- Cosponsors: 10
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Legacy IRA Act This bill amends the Internal Revenue Code to expand the tax exclusion for distributions from individual retirement accounts (IRAs) for charitable purposes. The bill increases from $100,000 to $400,000 the annual limit on the aggregate amount of distributions for charitable purposes that may be excluded from the gross income of a taxpayer. The bill permits tax-free distributions from IRAs to a split-interest entity until December 31, 2020. A split-interest entity is exclusively funded by charitable distributions and includes: a charitable remainder annuity trust, a charitable remainder unitrust, or a charitable gift annuity. A charitable gift annuity must commence fixed payments of at least 5% no later than one year from the date of funding. A distribution to a split-interest entity may only be treated as a qualified charitable distribution if: (1) no person holds an income interest in the entity other than the individual for whose benefit the account is maintained, the spouse of such individual, or both; and (2) the income interest in the entity is nonassignable. The bill limits the exclusion annually to: $100,000 for distributions to charitable organizations, and $400,000 for distributions to split-interest entities. Tax-free distributions to a split-interest entity may be made when the account beneficiary attains age 65. (Under current law, the beneficiary must attain the age of 70-1/2 for IRA distributions to a charitable organization.)

## Cosponsors (10)

- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2016-05-06T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2016-05-06T00:00:00.000Z
- PATRICK TIBERI (R-OH), 2016-05-06T00:00:00.000Z
- Rep. Paulsen, Erik [R-MN-3] (R-MN), 2016-05-06T00:00:00.000Z
- Rep. Kelly, Mike [R-PA-16] (R-PA), 2016-05-17T00:00:00.000Z
- Rep. Noem, Kristi L. [R-SD-At Large] (R-SD), 2016-06-13T00:00:00.000Z
- Rep. Smith, Adrian [R-NE-3] (R-NE), 2016-06-13T00:00:00.000Z
- Rep. Nunes, Devin [R-CA-22] (R-CA), 2016-06-13T00:00:00.000Z
- Rep. Hultgren, Randy [R-IL-14] (R-IL), 2016-07-05T00:00:00.000Z
- Rep. Reichert, David G. [R-WA-8] (R-WA), 2016-07-11T00:00:00.000Z

## Related bills

- 114-hr-893: Boys Town Centennial Commemorative Coin Act
- 114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act
- 114-hr-2400: SIGMA Act of 2015
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-5447: Small Business Health Care Relief Act of 2016

## Sources
- [114-hr-5171 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5171)

## Related
- [114-hr-893: Boys Town Centennial Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-893)
- [114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-2992)
- [114-hr-2400: SIGMA Act of 2015](https://policyrisk.com/legislation/114-hr-2400)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-5447: Small Business Health Care Relief Act of 2016](https://policyrisk.com/legislation/114-hr-5447)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5171 (as of 2025-11-18).