I 111th CONGRESS 2d Session H. R. 4702 IN THE HOUSE OF REPRESENTATIVES February 25, 2010 Mr. Forbes introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow all taxpayers a credit against income tax for up to $1,000 of charitable contributions.

1.

Short title

This Act may be cited as the Citizens’ Choice Act of 2010.

2.

Credit for certain charitable contributions

(a)

General rule

Subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

30E.

Credit for certain charitable contributions

(a)

General rule

There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the charitable contributions (as defined in section 170(c)) made in cash by the taxpayer during the taxable year to one or more organizations described in section 170(b)(1)(A). (b)

Maximum credit

The credit allowed by subsection (a) for any taxable year shall not exceed $1,000. (c)

Limitation based on liability for tax

The credit allowed by subsection (a) for any taxable year shall not exceed the excess (if any) of— (1)the regular tax for the taxable year reduced by the sum of the credits allowable under subpart A and the preceding sections of this subpart, over (2)the tentative minimum tax for the taxable year. (d)

Special rules

(1)

Credit in lieu of deduction

The credit provided by subsection (a) for any charitable contribution shall be in lieu of any deduction otherwise allowable under this chapter for such contribution. (2)

Election to have section not apply

A taxpayer may elect for any taxable year to have this section not apply.

. (b)

Clerical amendment

The table of sections for subpart B of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 30E. Credit for charitable contributions. . (c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2009.