A bill to amend the Internal Revenue Code of 1986 to allow above-the-line deductions for charitable contributions for individuals not itemizing deductions.
Universal Charitable Giving Act of 2017
This bill amends the Internal Revenue Code to allow a deduction from gross income (above-the-line deduction) for charitable contributions of individuals who do not elect to itemize deductions for the taxable year. The deduction may not exceed one-third of the standard deduction of the individual.
Sponsor introductory remarks on measure. (CR H7959)
Introduced in Senate
Read twice and referred to the Committee on Finance.
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