Senate Bill 2123
115th Congress(2017-2018)
Universal Charitable Giving Act of 2017
Introduced
Introduced in Senate on Nov 14, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2123
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
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.
November 14, 2017
11/14/2017
Read twice and referred to the Committee on Finance.
11/14/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:39:23 PM