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§ 364. Previously issued annuities

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 10 P.S. Charities and Welfare

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 10 P.S. Charities and Welfare (Refs & Annos)
Chapter 12. Charitable Gift Annuity Exemption Act (Refs & Annos)
10 P.S. § 364
§ 364. Previously issued annuities
Currentness
A charitable gift annuity issued prior to the effective date of this act shall be deemed to be a qualified charitable gift annuity if both of the following conditions are met:
(1) The charitable gift annuity qualified as a charitable contribution under the provisions of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.) governing charitable deductions at the time the charitable gift annuity was issued.
(2) The issuing organization was a qualified charity at the time the charitable gift annuity was issued or becomes a qualified charity within one year of the effective date of this act.

Credits

1996, Oct. 16, P.L. 712, No. 127, § 4, effective in 60 days.
10 P.S. § 364, PA ST 10 P.S. § 364
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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