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H.R.3988 - Universal Charitable Giving Act of 2017115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Walker, Mark [R-NC-6] (Introduced 10/05/2017)
Committees: House - Ways and Means
Latest Action: 10/11/2017 Sponsor introductory remarks on measure.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.3988 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3988. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/05/2017)

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.