H.R. 2592 · 112th Congress
Charitable Contribution Parity and Enhancement Act
- Stage
- In committee
- Sponsor
- Aaron Schock
- 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.