H.R. 2592 · 112th Congress

Charitable Contribution Parity and Enhancement Act

Stage
In committee
Introduced
2011-07-19
Latest action
2011-07-19 · Introduced in House

Summary

Charitable Contribution Parity and Enhancement Act - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of ordinary income property to all trades and businesses (currently limited to corrporations other than S corporations).  Limits the amount of such deduction for taxpayers other than C corporations to not more than 10% of their aggregate net income for a taxable year from all trades or businesses.