H.R. 1479 (Introduced in House) — To amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions.

Section 1 Charitable deduction exception to overall limitation on itemized deductions

(a)

In general— Subsection (c) of section 68 of the Internal Revenue Code of 1986 is amended by striking “and” at the end of paragraph (2), by striking the period at the end of paragraph (3) and inserting “, and”, and by adding at the end the following:

“(4) the deduction under section 170 (relating to charitable, etc., contributions and gifts).”

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2012.

To amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions.

Section 1 Charitable deduction exception to overall limitation on itemized deductions

Cite this provision

Incoming references