H.R. 5293 - Universal Charitable Giving Act of 2019

116TH CONGRESS
1ST SESSION

H.R. 5293

To amend the Internal Revenue Code of 1986 to allow above-the-line
deductions for charitable contributions for individuals not itemizing deductions.

IN THE HOUSE OF REPRESENTATIVES

Mr. WALKER introduced the following bill;
which was referred to the Committee on _____

A BILL

To amend the Internal Revenue Code of 1986 to allow above-the-line deductions for charitable contributions for individuals not itemizing deductions.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Universal Charitable Giving Act of 2019".

SEC. 2. ALLOWING ABOVE-THE-LINE DEDUCTIONS FOR CHARITABLE CONTRIBUTIONS FOR INDIVIDUALS NOT ITEMIZING DEDUCTIONS.

(a) IN GENERAL. — Section 62(a) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (21) the following new paragraph:

"(22) CHARITABLE CONTRIBUTIONS FOR INDIVIDUALS NOT ITEMIZING DEDUCTIONS. — In the case of an individual who does not elect to itemize his deductions for the taxable year, the deduction allowed by section 170, to the extent such deduction does not exceed an amount equal to the product of 1/3 and the standard deduction for such individual.".

(b) EFFECTIVE DATE. — The amendment made by this section shall apply to taxable years beginning after the date of enactment of this Act.