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United States · Bill · S

S. 2123 (98th)

A bill to promote voluntary contributions.

openUnited States· United States Congress· EN

Introduced

17 November 1983

Last action

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to increase from 50 to 75 percent of adjusted gross income the ceiling on the income tax deduction for charitable contributions. Extends from five to 15 years the carryover period for unused charitable contribution deductions. Limits the amount of the charitable deduction for certain capital gain property held less than five years to the adjusted basis of such property.

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Documents

1 official file

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Sources

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