Hurricane Dorian Charitable Giving Act

To provide a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian. 1. Short title This Act may be cited as the Hurricane Dorian Charitable Giving Act 2. Temporary increase in limitation on deductible contributions made for relief efforts related to Hurricane Dorian (a) Suspension of current limitation Except as otherwise provided in paragraph (2), qualified contributions shall be disregarded in applying subsections (b) and (d) of section 170 (b) Application of increased limitation For purposes of section 170 (1) Individuals In the case of an individual— (A) Limitation Any qualified contribution shall be allowed as a deduction only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer's contribution base (as defined in subparagraph (H) of section 170(b)(1) of such Code) over the amount of all other charitable contributions allowed under section 170(b)(1) of such Code. (B) Carryover If the aggregate amount of qualified contributions made in the contribution year (within the meaning of section 170(d)(1) of such Code) exceeds the limitation of subparagraph (A), such excess shall be added to the excess described in section 170(b)(1)(G)(ii). (2) Corporations In the case of a corporation— (A) Limitation Any qualified contribution shall be allowed as a deduction only to the extent that the aggregate of such contributions does not exceed the excess of the taxpayer’s taxable income (as determined under paragraph (2) of section 170(b) of such Code) over the amount of all other charitable contributions allowed under such paragraph. (B) Carryover If the aggregate amount of qualified contributions made in the contribution year (within the meaning of section 170(d)(2) of such Code) exceeds the limitation of subparagraph (A), such excess shall be appropriately taken into account under section 170(d)(2) subject to the limitations thereof. (c) Qualified contributions (1) In general For purposes of this section, the term qualified contribution section 170(c) (A) such contribution— (i) is made after August 23, 2019, and before January 1, 2020, in cash to an organization described in section 170(b)(1)(A) of such Code; and (ii) is made for relief efforts related to Hurricane Dorian; (B) the taxpayer obtains from such organization contemporaneous written acknowledgment (within the meaning of section 170(f)(8) of such Code) that such contribution was used (or is to be used) for relief efforts described in subparagraph (A)(ii); and (C) the taxpayer has elected the application of this subsection with respect to such contribution. (2) Exception Such term shall not include a contribution by a donor if the contribution is— (A) to an organization described in section 509(a)(3) (B) for the establishment of a new, or maintenance of an existing, donor advised fund (as defined in section 4966(d)(2) of such Code). (3) Application of election to partnerships and S corporations In the case of a partnership or S corporation, the election under paragraph (1)(C) shall be made separately by each partner or shareholder.

Summary: Hurricane Dorian Charitable Giving Act This bill suspends limitations on the tax deduction for charitable contributions in the case of cash contributions made for relief efforts related to Hurricane Dorian. Such contributions must be made after August 23, 2019, and before January 1, 2020, for such relief efforts.