A bill to amend the Internal Revenue Code of 1954 to increase the percentage limitation on the amount of the deduction allowable for charitable contributions made by corporations.

Amends the Internal Revenue Code to increase the maximum allowable deduction for charitable contributions by corporations from the present five percent of the corporation's taxable income to the lesser of (1) ten percent of the corporation's taxable income; or (2) the sum of five percent of the corporation's taxable income plus $100,000.