[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3724 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3724

To waive the individual and corporate income limitations for charitable 
     contributions for the relief of victims of Hurricane Katrina.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 8, 2005

  Mr. Wicker introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To waive the individual and corporate income limitations for charitable 
     contributions for the relief of victims of Hurricane Katrina.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Charitable Donation Relief Act of 
2005''.

SEC. 2. INDIVIDUAL AND CORPORATE INCOME LIMITATIONS NOT TO APPLY TO 
              CHARITABLE CONTRIBUTIONS FOR RELIEF OF VICTIMS OF 
              HURRICANE KATRINA.

    (a) In General.--In the case of charitable contributions for the 
relief of victims of Hurricane Katrina, the 50 percent limitation in 
paragraph (1) and the 10 percent limitation in paragraph (2) of section 
170(b) of the Internal Revenue Code of 1986 (relating to percentage 
limitations) shall not apply to contributions made after August 28, 
2005, and before January 1, 2006.
    (b) Carryover.--Contributions subject to subsection (a) shall not 
be taken into account under section 170(d) of such Code (relating to 
carryovers of excess contributions).
                                 <all>