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HR 3988 115th Congress House Taxation Charitable contributions Income tax deductions

Universal Charitable Giving Act of 2017

Introduced: October 5, 2017 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2017
Sponsor introductory remarks on measure. (CR H7959)
Oct 5, 2017
Referred to the House Committee on Ways and Means.
Oct 5, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Universal Charitable Giving Act of 2017

This bill amends the Internal Revenue Code to allow a deduction from gross income (above-the-line deduction) for charitable contributions of individuals who do not elect to itemize deductions for the taxable year. The deduction may not exceed one-third of the standard deduction of the individual.

What's happening now October 11, 2017

Sponsor introductory remarks on measure. (CR H7959)

 Committees of jurisdiction 1