113 HR 3771 IH: Philippines Charitable Giving Assistance Act U.S. House of Representatives 2013-12-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I113th CONGRESS1st SessionH. R. 3771IN THE HOUSE OF REPRESENTATIVESDecember 12, 2013Mr. Swalwell of California (for himself, Mr. Thompson of California, Mr. Issa, Mr. Heck of Nevada, Mr. Honda, Mr. Franks of Arizona, Ms. Speier, Mr. Scott of Virginia, Ms. Chu, Ms. Bordallo, Mr. Al Green of Texas, Ms. Hanabusa, and Mr. Vargas) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo accelerate the income tax benefits for charitable cash contributions for the relief of victims of the Typhoon Haiyan in the Philippines.

1.

Short title

This Act may be cited as the Philippines Charitable Giving Assistance Act.

2.

Acceleration of income tax benefits for charitable cash contributions for relief of victims of Typhoon Haiyan in the Philippines

(a)

In general

For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made after January 1, 2014, and before March 1, 2014, as if such contribution was made on December 31, 2013, and not in 2014.(b)

Contribution described

A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in the Republic of the Philippines affected by Typhoon Haiyan, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986.(c)

Recordkeeping

In the case of a contribution described in subsection (b), a telephone bill showing the name of the donee organization, the date of the contribution, and the amount of the contribution shall be treated as meeting the recordkeeping requirements of section 170(f)(17) of the Internal Revenue Code of 1986.(d)

Paygo

All applicable provisions in this section are designated as an emergency for purposes of pay-as-you-go principles.