US SB4032 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 22 2020 - 25% progression, died in committee
Action: 2020-06-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 22 2020 - 25% progression, died in committee
Action: 2020-06-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows taxpayers who do not otherwise itemize their tax deductions to deduct from their gross income charitable contributions made in 2019 and 2020. The amount of such deduction may not exceed one-third of the taxpayer's standard deduction in any year.
Title
Universal Giving Pandemic Response Act
Sponsors
Sen. James Lankford [R-OK] | Sen. Christopher Coons [D-DE] | Sen. Mike Lee [R-UT] | Sen. Jeanne Shaheen [D-NH] |
Sen. Tim Scott [R-SC] | Sen. Amy Klobuchar [D-MN] | Sen. Marsha Blackburn [R-TN] | Sen. Cory Gardner [R-CO] |
Sen. Susan Collins [R-ME] | Sen. Gary Peters [D-MI] |
History
Date | Chamber | Action |
---|---|---|
2020-06-22 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7324 (Same As) 2020-06-24 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4032/all-info |
Text | https://www.congress.gov/116/bills/s4032/BILLS-116s4032is.pdf |