Protecting Charitable Contributions Act of 2017

Bill: 115-s-587
Sponsor: full_name: Sen. Roberts, Pat [R-KS]
Introduced: 2017-03-09
Policy area: Taxation
Subjects: Charitable contributions

Income tax deductions

Tax administration and collection, taxpayers
Latest action: action_date: 2017-03-09
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2017-03-09
action_desc: Introduced in Senate
text: <p><b>Protecting Charitable Contributions Act of 2017 </b></p> <p>This bill amends the Internal Revenue Code to modify the requirement for taxpayers to substantiate deductions for charitable contributions of $250 or more with a contemporaneous written acknowledgment by the donee organization. The bill eliminates an exemption from the requirement for contributions reported on a return filed by the donee organization. </p>

tv_txt: II 115th CONGRESS 1st Session S. 587 IN THE SENATE OF THE UNITED STATES March 9, 2017 Mr. Roberts 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 limit substantiation requirements for charitable contributions to returns submitted by the donor.

1. Short title This Act may be cited as the Protecting Charitable Contributions Act of 2017 . 2. Modification of substantiation requirements for charitable contributions (a) In general Paragraph (8) of section 170(f)(8) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D) and by redesignating subparagraph (E) as subparagraph (D). (b) Effective date The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2016.