[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1260 Introduced in House (IH)]
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116th CONGRESS
1st Session
H. R. 1260
To amend the Internal Revenue Code of 1986 to extend the charitable
deduction to all taxpayers regardless of whether a taxpayer itemizes
deductions in order to encourage and increase charitable giving.
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IN THE HOUSE OF REPRESENTATIVES
February 14, 2019
Mr. Danny K. Davis of Illinois introduced the following bill; which was
referred to the Committee on Ways and Means
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A BILL
To amend the Internal Revenue Code of 1986 to extend the charitable
deduction to all taxpayers regardless of whether a taxpayer itemizes
deductions in order to encourage and increase charitable giving.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. UNIVERSAL DEDUCTION FOR CHARITABLE GIVING.
(a) In General.--Section 62(a) of the Internal Revenue Code of 1986
is amended by inserting after paragraph (21) the following new
paragraph:
``(22) Charitable contributions.--The deduction allowed by
section 170 (reduced by the portion thereof disallowed under
section 68).''.
(b) Application of Overall Limitation on Itemized Deductions.--
Section 68 of such Code is amended by adding at the end the following
new subsection:
``(g) Application to Deduction for Charitable Contributions.--
``(1) In general.--For purposes of this section, the
deduction allowed by section 170 shall be treated as an
itemized deduction.
``(2) Application of limitation to above-the-line
deduction.--For purposes of section 62(a)(22), the portion of
the deduction allowed by section 170 for any taxable year which
is disallowed under this section is the portion bearing the
same ratio as--
``(A) the amount of the reduction under subsection
(a) for such taxable year, bears to
``(B) the amount of the itemized deductions
otherwise allowable for such taxable year.''.
(c) Conforming Amendment.--Section 170(b)(1)(H) of such Code is
amended by inserting ``this section and'' after ``computed without
regard to''.
(d) Effective Date.--
(1) In general.--The amendments made by this section shall
apply to taxable years beginning after the date of the
enactment of this Act.
(2) Cross reference.--For suspension of the application of
section 68 of the Internal Revenue Code of 1986 (including the
amendments to such section made by subsection (b)), see section
68(f) of such Code.
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