summary
Introduced
09/12/2019
09/12/2019
In Committee
09/12/2019
09/12/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to provide a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian. This bill suspends limitations on the tax deduction for charitable contributions in the case of cash contributions made for relief efforts related to Hurricane Dorian. Such contributions must be made after August 23, 2019, and before January 1, 2020, for such relief efforts.
AI Summary
This bill provides a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian. The bill suspends limitations on the tax deduction for cash contributions made for Hurricane Dorian relief efforts between August 23, 2019, and January 1, 2020. This allows individuals to deduct qualified contributions up to the amount that exceeds their normal charitable contribution limit, and allows corporations to deduct qualified contributions up to the amount that exceeds their taxable income. The bill defines "qualified contributions" as those made to eligible organizations for Hurricane Dorian relief efforts, with certain exceptions.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Read twice and referred to the Committee on Finance. (on 09/12/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2476/all-info |
| BillText | https://www.congress.gov/116/bills/s2476/BILLS-116s2476is.pdf |
| Bill | https://www.congress.gov/116/bills/s2476/BILLS-116s2476is.pdf.pdf |
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