Title: Marjory Stoneman Douglas High School Family Support Act of 2018
Policy area: Taxation

Summary:
Marjory Stoneman Douglas High School Family Support Act of 2018
This bill accelerates the benefits of tax deductions for charitable cash contributions made for the relief of the spouses, dependents, or guardians of the slain or injured victims of the Marjory Stoneman Douglas High School shooting that occurred on February 14, 2018.
A taxpayer who makes such a contribution may claim a deduction in 2017 for contributions made on or after February 13, 2018, and before April 18, 2018. Recordkeeping requirements for the deduction may be satisfied using a telephone bill showing the name of the organization to which a contribution was made with the date and amount of such contribution.
A contribution that is made on or after February 14, 2018, may qualify as a charitable contribution even if it is for the exclusive benefit of the specified individuals.
Payments made on or after February 14, 2018, and on or before October 15, 2018, to the individuals by a tax-exempt organization: (1) shall be treated as related to the purpose or function constituting the basis for such organization's tax exemption; and (2) may not be treated as inuring to the benefit of any private individual, if the payments are made in good faith using a reasonable and objective formula which is consistently applied.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2632 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2632

To accelerate the income tax benefits for charitable cash contributions 
 for the relief of the families of the slain or injured victims of the 
 Marjory Stoneman Douglas High School shooting, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 9, 2018

 Mr. Rubio (for himself and Mr. Nelson) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To accelerate the income tax benefits for charitable cash contributions 
 for the relief of the families of the slain or injured victims of the 
 Marjory Stoneman Douglas High School shooting, and for other purposes.

    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 ``Marjory Stoneman Douglas High School 
Family Support Act of 2018''.

SEC. 2. SPECIAL RULES FOR CHARITABLE CASH CONTRIBUTIONS FOR THE RELIEF 
              OF THE FAMILIES OF THE SLAIN OR INJURED VICTIMS OF THE 
              MARJORY STONEMAN DOUGLAS HIGH SCHOOL SHOOTING.

    (a) Qualified Contribution.--For purposes of this section, a 
qualified contribution is a cash contribution made for the relief of 
the spouses, dependents, or guardians of the slain or injured victims 
of the Marjory Stoneman Douglas High School shooting that occurred on 
February 14, 2018, for which a charitable contribution deduction is 
allowable under section 170 of the Internal Revenue Code of 1986.
    (b) Acceleration of Income Tax Benefits.--For purposes of section 
170 of the Internal Revenue Code of 1986, a taxpayer may treat any 
qualified contribution made on or after February 13, 2018, and before 
April 18, 2018, as if such contribution was made on December 31, 2017, 
and not in 2018.
    (c) Recordkeeping.--In the case of a qualified contribution, a 
telephone bill showing the name of the donee organization, the date of 
the contribution, and the amount of the contribution shall be treated 
as meeting the recordkeeping requirements of section 170(f)(17) of the 
Internal Revenue Code of 1986.
    (d) Clarification That Contribution Will Not Fail To Qualify as a 
Charitable Contribution.--A cash contribution made for the relief of 
the spouses, dependents, or guardians of the slain or injured victims 
of the Marjory Stoneman Douglas High School shooting that occurred on 
February 14, 2018, shall not fail to be treated as a charitable 
contribution for purposes of section 170 of the Internal Revenue Code 
of 1986 and subsection (a) of this section merely because such 
contribution is for the exclusive benefit of such spouses, dependents, 
or guardians. The preceding sentence shall apply to contributions made 
on or after February 14, 2018.
    (e) Clarification That Payments by Charitable Organizations to 
Families Treated as Exempt Payments.--For purposes of the Internal 
Revenue Code of 1986, payments made on or after February 14, 2018, and 
on or before October 15, 2018, to the spouse, any dependent (as defined 
in section 152 of such Code), or any guardian of the slain or injured 
victims of the Marjory Stoneman Douglas High School shooting that 
occurred on February 14, 2018, by an organization which (determined 
without regard to any such payments) would be an organization exempt 
from tax under section 501(a) of such Code shall--
            (1) be treated as related to the purpose or function 
        constituting the basis for such organization's exemption under 
        such section; and
            (2) shall not be treated as inuring to the benefit of any 
        private individual,
if such payments are made in good faith using a reasonable and 
objective formula which is consistently applied with respect to such 
victims.
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