S 2123
115th Congress
Senate
Taxation
Charitable contributions
Income tax deductions
Universal Charitable Giving Act of 2017
Introduced: November 14, 2017
Introduced by:
Lankford, James
Republican
· Oklahoma
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2017
Read twice and referred to the Committee on Finance.
Nov 14, 2017
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1