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What is the Charitable Giving Tax Relief Act?
The Charitable Giving Tax Relief Act would permit those taxpayers
who currently do not itemize to deduct fifty percent of their
charitable contributions above a $500 floor annually. The
measure has been introduced in both houses of Congress and has
received broad bipartisan support.
H.R. 1310 was introduced by Representative Phil Crane (R-IL) and
currently has 149
co-sponsors, including a majority of the House Ways and Means
Committee. The Senate companion bill,
S. 2077,
was introduced by Senator Rick Santorum and has four
co-sponsors.
In addition, the Charitable Giving Tax Relief Act was included in
the Clinton Administration's budget for fiscal year 2001 and was
highlighted in President Clinton's 2000 State
of the Union address.
How will the Charitable Giving Tax Relief Act affect the
nonprofit sector?
PricewaterhouseCoopers estimates that the Charitable Giving Tax
Relief Act would generate an additional $16.5 billion in additional
giving across the country over a five year period. In addition, the
firm has provided information on the projected
increase in giving for each state.
How can I support the Charitable Giving Tax Relief Act?
You can help support the Charitable Giving Tax Relief Act by
adding your organization to Independent
Sector's sign-on
letter urging Congress to enact this legislation. For
additional information on the bill you can download our brochure
or contact IS staff.
Press Releases
Charitable Giving Tax Relief Act is Re-Introduced in
Congress (March
25, 1999)
Charitable Giving Tax Relief Act is Introduced in the
Senate (March
1, 2000)
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