Bill
Bill > HR4415
US HR4415
To provide a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian.
summary
Introduced
09/19/2019
09/19/2019
In Committee
09/19/2019
09/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian. This bill amends the Internal Revenue Code to allow an increase in the limitation on the charitable contribution tax deduction for cash contributions made after August 23, 2019, and before January 1, 2020, for relief efforts related to Hurricane Dorian.
AI Summary
This bill amends the Internal Revenue Code to allow an increase in the charitable contribution tax deduction for cash contributions made after August 23, 2019, and before January 1, 2020, for relief efforts related to Hurricane Dorian. The bill suspends the current limitation on deductible charitable contributions and instead allows individuals to deduct qualified contributions up to the excess of their contribution base over other charitable contributions, and corporations to deduct qualified contributions up to the excess of their taxable income over other charitable contributions. The bill defines "qualified contributions" as cash contributions to eligible organizations for Hurricane Dorian relief efforts, with certain exceptions.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the House Committee on Ways and Means. (on 09/19/2019)
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/house-bill/4415/all-info |
| BillText | https://www.congress.gov/116/bills/hr4415/BILLS-116hr4415ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4415/BILLS-116hr4415ih.pdf.pdf |
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