[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2123 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 2123

  To amend the Internal Revenue Code of 1986 to allow above-the-line 
 deductions for charitable contributions for individuals not itemizing 
                              deductions.


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                   IN THE SENATE OF THE UNITED STATES

                           November 14, 2017

 Mr. Lankford introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow above-the-line 
 deductions for charitable contributions for individuals not itemizing 
                              deductions.

    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 ``Universal Charitable Giving Act of 
2017''.

SEC. 2. ALLOWING ABOVE-THE-LINE DEDUCTIONS FOR CHARITABLE CONTRIBUTIONS 
              FOR INDIVIDUALS NOT ITEMIZING DEDUCTIONS.

    (a) In General.--Subsection (a) of section 62 of the Internal 
Revenue Code of 1986 is amended by inserting after paragraph (21) the 
following new paragraph:
            ``(22) Charitable contributions for individuals not 
        itemizing deductions.--In the case of an individual who does 
        not elect to itemize his deductions for the taxable year, the 
        deduction allowed by section 170. The preceding sentence shall 
        not apply to any deduction in excess of an amount equal to the 
        product of \1/3\ and the standard deduction for such 
        individual.''.
    (b) Effective Date.--The amendment made by this section shall apply 
with respect to taxable years beginning after the date of enactment of 
this Act.
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