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Bill > S587


US S587

Protecting Charitable Contributions Act of 2017


summary

Introduced
03/09/2017
In Committee
03/09/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Protecting Charitable Contributions Act of 2017 This bill amends the Internal Revenue Code to modify the requirement for taxpayers to substantiate deductions for charitable contributions of $250 or more with a contemporaneous written acknowledgment by the donee organization. The bill eliminates an exemption from the requirement for contributions reported on a return filed by the donee organization.

AI Summary

This bill amends the Internal Revenue Code to modify the requirement for taxpayers to substantiate deductions for charitable contributions of $250 or more with a contemporaneous written acknowledgment by the donee organization. Specifically, the bill eliminates an exemption from this requirement for contributions reported on a return filed by the donee organization. The amendments made by this bill will apply to contributions made in taxable years beginning after December 31, 2016.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Read twice and referred to the Committee on Finance. (on 03/09/2017)

bill text


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