Charitable Giving Act of 2003

Summary

Charitable Giving Act of 2003 - Amends the Internal Revenue Code with respect to charitable giving and charitable organizations to: (1) allow a deduction for a portion of charitable contributions to individuals who do not itemize; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) increase the cap on corporate charitable contributions; (4) provide a special rule for charitable contributions of food inventory; (5) revise certain excise taxes related to private foundations; (6) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (7) extend and expand the charitable contribution for scientific property used for research and for computer technology and equipment used for educational purposes; (8) adjust the basis of S corporation stock for certain charitable contributions; (9) suspend the tax-exempt status of terrorist organizations; (10) revise church tax inquiry provisions; (11) revise declaratory judgment remedy provisions relating to tax-exempt organizations; (12) exclude from gross income certain landowner initiatives programs to conserve endangered habitats or species; (13) repeal the grassroots expenditure limit for charitable organizations; and (14) set forth a private foundation's permitted holdings, including provisions relating to a corporation that is publicly traded and publicly controlled. Amends title IV of the Social Security Act to authorize the Secretary of Health and Human Services to make grants to any private entity that operates a promising social services program (as defined by this Act). Amends the Assets for Independence Act to authorize appropriations for the assets for independence programs. Expresses the sense of Congress encouraging corporate contributions to faith-based organizations. Amends the Runaway and Homeless Youth Act to include maternity group homes (as defined by this Act) within the program for transitional living youth projects for homeless youth. Authorizes FY 2003 and 2004 appropriations for such group homes.

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Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 9 December 2003

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• Referred in Senate (PDF)

  Referred in Senate · EN · 9 December 2003

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• Engrossed in House (text)

  Engrossed in House · EN · 17 September 2003

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• Engrossed in House (PDF)

  Engrossed in House · EN · 17 September 2003

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• Passed House amended

  summary · EN · 17 September 2003

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• Reported in House (text)

  Reported in House · EN · 16 September 2003

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• Reported in House (PDF)

  Reported in House · EN · 16 September 2003

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• Reported to House amended, Part I

  summary · EN · 16 September 2003

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• Introduced in House (text)

  Introduced in House · EN · 7 May 2003

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• Introduced in House (PDF)

  Introduced in House · EN · 7 May 2003

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• Introduced in House

  summary · EN · 7 May 2003

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