Charitable Giving Act of 2005

Bill: 109-hr-3908
Sponsor: Rep. Blunt, Roy [R-MO-7]
Introduced: 2005-09-27 in the House
Policy area: Taxation
Subjects: Adoption
Agriculture and Food
Aid to dependent children
Animals
Block grants
Blood banks
Capital gains tax
Cash welfare block grants
Charitable contributions
Child development
Child health
Child nutrition
Childbirth
Church and social problems
Commerce
Computers
Corporate philanthropy
Counseling
Economics and Public Finance
Education
Elementary and secondary education
Endangered species
Excise tax
Families
Federally-guaranteed loans
Finance and Financial Sector
Financial services
Food relief
Forest conservation
Foundations
Gambling
Government Operations and Politics
Group homes
Habitat conservation
Health
Higher education
Housing and Community Development
Income tax
Individual retirement accounts
Injunctions
Intergovernmental fiscal relations
Labor and Employment
Landowners
Law
Lobbying
Maternal health services
Mothers
Nursing homes
Parent and child
Personal budgets
Public Lands and Natural Resources
Religion
Science, Technology, Communications
Scientific instruments and apparatus
Small business
Social Welfare
Sports and Recreation
Stocks
Student housing
Tax deductions
Tax exclusion
Tax penalties
Tax-exempt organizations
Tax-exempt securities
Teaching materials
Trusts and trustees
Unrelated business income tax
Wildlife conservation

Summary:
action_date: 2005-09-27
text: Charitable Giving Act of 2005 - Amends the Internal Revenue Code with respect to charitable giving and charitable organizations to: (1) allow individuals who do not itemize a deduction from gross income for a portion of their charitable contributions; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) increase the cap on corporate charitable contributions; (4) allow non-corporate taxpayers a tax deduction for charitable contributions of food inventory; (5) revise certain excise taxes related to private foundations; (6) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (7) extend and expand the charitable contribution for scientific property used for research and for computer technology and equipment used for educational purposes; (8) adjust the basis of S corporation stock for certain charitable contributions; (9) revise church tax inquiry provisions; and (10) exclude from gross income certain landowner initiatives programs to conserve endangered habitats or species. 
Amends title IV of the Social Security Act to: (1) authorize the Secretary of Health and Human Services to make grants to any private entity that operates a promising social services program (as defined by this Act): and (2) restore the 10 percent limit on transfers to the Social Services Block Grant Program. 
Amends the Assets for Independence Act to reauthorize the assets for independence demonstration program through FY2008. 
Expresses the sense of Congress encouraging corporate contributions to faith-based organizations. 
Amends the Runaway and Homeless Youth Act to include maternity group homes within the program for transitional living youth projects for homeless youth.

Legislative actions:
action_date: 2005-11-07
text: Referred to the Subcommittee on Select Education.
action_date: 2005-11-07
text: Referred to the Subcommittee on 21st Century Competitiveness.
action_date: 2005-09-27
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-27
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-27
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-09-27
text: Introduced in House
action_date: 2005-09-27
text: Introduced in House