HR 1338
105th Congress
House
Taxation
Charitable contributions
Income tax
Personal income tax
Tax deductions
Giving Incentive and Volunteer Empowerment (GIVE) Act
Introduced: April 15, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1997
Referred to the House Committee on Ways and Means.
Apr 15, 1997
Introduced in House
Plain-English summary
Giving Incentive and Volunteer Empowerment (GIVE) Act - Amends the Internal Revenue Code to increase (to a specified percentage above the regularly allowed amount) the tax deduction for charitable contributions by allowing a taxpayer to elect to treat a contribution made not later than the tax return filing date for the taxable year as made on the last day of such taxable year.
Allows individuals who do not itemize deductions a charitable contribution deduction to the extent the amount claimed exceeds $1,000 ($2,000 in the case of a joint return).
Excepts charitable contribution deductions from the overall limitation on itemized deductions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1