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S. 2123

Universal Charitable Giving Act of 2017

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.

Read twice and referred to the Committee on Finance.

Sen. Lankford, James [R-OK](R-OK)Sponsor
1committees2actions1related bills2subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Universal Charitable Giving Act of 2017 — Informed