H. R. 1260
IN THE HOUSE OF REPRESENTATIVES
February 14, 2019
Mr. Danny K. Davis of Illinois introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to extend the charitable deduction to all taxpayers regardless of whether a taxpayer itemizes deductions in order to encourage and increase charitable giving.
Universal deduction for charitable giving
Section 62(a) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (21) the following new paragraph:
The deduction allowed by section 170 (reduced by the portion thereof disallowed under section 68).
Application of overall limitation on itemized deductions
Section 68 of such Code is amended by adding at the end the following new subsection:
Application to deduction for charitable contributions
For purposes of this section, the deduction allowed by section 170 shall be treated as an itemized deduction.
Application of limitation to above-the-line deduction
For purposes of section 62(a)(22), the portion of the deduction allowed by section 170 for any taxable year which is disallowed under this section is the portion bearing the same ratio as—
the amount of the reduction under subsection (a) for such taxable year, bears to
the amount of the itemized deductions otherwise allowable for such taxable year.
Section 170(b)(1)(H) of such Code is amended by inserting
this section and after
computed without regard to.
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
For suspension of the application of section 68 of the Internal Revenue Code of 1986 (including the amendments to such section made by subsection (b)), see section 68(f) of such Code.