Bill Would Remove Charitable Deduction from Limitation on Itemized Deductions

Bill Would Remove Charitable Deduction from Limitation on Itemized Deductions

News story posted in Legislative on 1 May 2013| comments
audience: National Publication | last updated: 1 May 2013
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Summary

Rep. F. James Sensenbrenner Jr., R-WI, has introduced H.R. 1479, that would amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions.

Full Text:

 
113th CONGRESS
1st Session

H.R. 1479

To amend the Internal Revenue Code of 1986 to remove the
deduction for charitable contributions from the overall
limitation on itemized deductions.

IN THE HOUSE OF REPRESENTATIVES

April 10, 2013

Mr. SENSENBRENNER (for himself and Mr. MATHESON) introduced the
following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. CHARITABLE DEDUCTION EXCEPTION TO OVERALL LIMITATION ON ITEMIZED DEDUCTIONS.

(a) In General. -- Subsection (c) of section 68 of the Internal Revenue Code of 1986 is amended by striking "and" at the end of paragraph (2), by striking the period at the end of paragraph (3) and inserting ", and", and by adding at the end the following:

"(4) the deduction under section 170 (relating to charitable, etc., contributions and gifts).".

(b) Effective Date. -- The amendment made by this section shall apply to taxable years beginning after December 31, 2012.

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