HR 2592
112th Congress
House
Taxation
Income tax deductions
Social work, volunteer service, charitable organizations
Charitable Contribution Parity and Enhancement Act
Introduced: July 19, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 19, 2011
Referred to the House Committee on Ways and Means.
Jul 19, 2011
Introduced in House
Plain-English summary
Charitable Contribution Parity and Enhancement Act - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of ordinary income property to all trades and businesses (currently limited to corrporations other than S corporations). Limits the amount of such deduction for taxpayers other than C corporations to not more than 10% of their aggregate net income for a taxable year from all trades or businesses.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1