Philippines Charitable Giving Assistance Act

Bill: 113-s-1821
Sponsor: full_name: Sen. Hirono, Mazie K. [D-HI]
Introduced: 2013-12-12
Policy area: Taxation
Subjects: Asia

Charitable contributions

Disaster relief and insurance

Income tax deductions

Philippines

Social work, volunteer service, charitable organizations
Latest action: action_date: 2014-03-25
text: See also H.R. 3771.

Summaries:
action_date: 2013-12-12
action_desc: Introduced in Senate
text: <p>Philippines Charitable Giving Assistance Act - Treats cash contributions made after January 1, 2014, and before March 1, 2014, for the relief of victims of Typhoon Haiyan as having been made on December 31, 2013, for purposes of the tax deduction for charitable contributions. Deems such a contribution as meeting the recordkeeping requirements of the Internal Revenue Code if the taxpayer produces a telephone bill showing the name of the donee organization and the date and amount of the contribution.</p>

action_date: 2014-03-06
action_desc: Passed Senate amended
text: <p>Philippines Charitable Giving Assistance Act - Treats cash contributions made after the enactment of this Act and before April 15, 2014, for the relief of victims in areas affected by Typhoon Haiyan as having been made on December 31, 2013, for purposes of the tax deduction for charitable contributions. Deems such a contribution as meeting the recordkeeping requirements of the Internal Revenue Code if the taxpayer produces a telephone bill showing the name of the donee organization and the date and amount of the contribution.</p>

tv_txt: II 113th CONGRESS 1st Session S. 1821 IN THE SENATE OF THE UNITED STATES December 12 (legislative day, December 11), 2013 Ms. Hirono (for herself and Mr. Heller ) 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 victims of Typhoon Haiyan in the Philippines.

1. Short title This Act may be cited as the Philippines Charitable Giving Assistance Act . 2. Acceleration of income tax benefits for charitable cash contributions for relief of victims of Typhoon Haiyan in the Philippines (a) In general For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made after January 1, 2014, and before March 1, 2014, as if such contribution was made on December 31, 2013, and not in 2014. (b) Contribution described A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in areas affected by Typhoon Haiyan, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986. (c) Recordkeeping In the case of a contribution described in subsection (b), 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) PAYGO All applicable provisions in this section are designated as an emergency for purposes of pay-as-you-go principles.

tv_txt: 113th CONGRESS 2d Session S. 1821 IN THE SENATE OF THE UNITED STATES AN ACT To accelerate the income tax benefits for charitable cash contributions for the relief of victims of Typhoon Haiyan in the Philippines.

1. Short title This Act may be cited as the Philippines Charitable Giving Assistance Act . 2. Acceleration of income tax benefits for charitable cash contributions for relief of victims of Typhoon Haiyan in the Philippines (a) In general For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made after the date of the enactment of this Act, and before April 15, 2014, as if such contribution was made on December 31, 2013, and not in 2014. (b) Contribution described A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in areas affected by Typhoon Haiyan, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986. (c) Recordkeeping In the case of a contribution described in subsection (b), 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.

Passed the Senate March 6, 2014. Secretary