S. 2123 · 115th Congress
Universal Charitable Giving Act of 2017
- Stage
- In committee
- Sponsor
- James Lankford
- Introduced
- 2017-11-14
- Latest action
- 2017-11-14 · Introduced in Senate
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.