Title: Universal Giving Pandemic Response and Recovery Act
Policy area: Taxation

Summary:
Universal Giving Pandemic Response and Recovery Act
This bill allows individual taxpayers who do not otherwise itemize their tax deductions a deduction in taxable years beginning in 2021 or 2022 for charitable contributions. The deduction is limited to one-third of the standard deduction allowed to such taxpayers.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 618 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 618

  To amend the Internal Revenue Code of 1986 to modify and extend the 
 deduction for charitable contributions for individuals not itemizing 
                              deductions.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 9, 2021

Mr. Lankford (for himself, Mr. Coons, Mr. Lee, Mrs. Shaheen, Mr. Scott 
 of South Carolina, Ms. Klobuchar, Ms. Collins, and Ms. Cortez Masto) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to modify and extend the 
 deduction 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 Giving Pandemic Response 
and Recovery Act''.

SEC. 2. MODIFICATION AND EXTENSION OF DEDUCTION FOR CHARITABLE 
              CONTRIBUTIONS FOR INDIVIDUALS NOT ITEMIZING DEDUCTIONS.

    (a) In General.--Subsection (p) of section 170 of the Internal 
Revenue Code of 1986 is amended to read as follows:
    ``(p) Special Rule for Taxpayers Who Do Not Elect To Itemize 
Deductions.--In the case of a taxable year beginning in 2021 or 2022, 
the deduction under this subsection for the taxable year shall be equal 
to so much of the deduction determined under this section (without 
regard to this subsection) for such taxable year as does not exceed an 
amount equal to \1/3\ of the amount of the standard deduction with 
respect to such individual for such taxable year. This subsection shall 
apply only in the case of an individual who does not elect to itemize 
deductions for the taxable year.''.
    (b) Elimination of Penalty.--
            (1) In general.--Section 6662(b) of the Internal Revenue 
        Code of 1986 is amended by striking paragraph (9).
            (2) Increased penalty.--Section 6662 of such Code is 
        amended by striking subsection (l).
            (3) Conforming amendment.--Section 6751(b)(2)(A) of such 
        Code is amended by striking ``6655, or 6662 (but only with 
        respect to an addition to tax by reason of subsection (b)(9) 
        thereof)'' and inserting ``or 6655''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2020.
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