PoliticalRepoPoliticalRepo

Bill · S

S. 317 (119th)

Charitable Act

Original

referredUnited States· United States Congress· EN

Introduced

29 January 2025

Last action

29 January 2025 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Lankford, James [R-OK], Sen. Coons, Christopher A. [D-DE], Sen. Cortez Masto, Catherine [D-NV], Sen. Hickenlooper, John W. [D-CO], Sen. Ricketts, Pete [R-NE], Sen. Klobuchar, Amy [D-MN], Sen. Warnock, Raphael G. [D-GA], Sen. Shaheen, Jeanne [D-NH], Rep. Curtis, John R. [R-UT-3], Sen. Blackburn, Marsha [R-TN], Sen. Moran, Jerry [R-KS], Sen. Britt, Katie Boyd [R-AL], Sen. Scott, Tim [R-SC], Sen. Rosen, Jacky [D-NV], Sen. Wicker, Roger F. [R-MS], Sen. Peters, Gary C. [D-MI], Sen. Collins, Susan M. [R-ME], Sen. Luján, Ben Ray [D-NM], Sen. Budd, Ted [R-NC], Sen. Boozman, John [R-AR], Sen. Hassan, Margaret Wood [D-NH], Sen. Justice, James C. [R-WV], Rep. Gallego, Ruben [D-AZ-3], Sen. Hoeven, John [R-ND]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Summary

Charitable Act This bill allows an individual taxpayer who does not itemize their tax deductions to claim a tax deduction for charitable contributions and eliminates the tax penalty for overstating charitable contributions. (Some limitations apply). Under the bill, for tax years beginning in 2026 or 2027, an individual taxpayer who does not itemize their tax deductions may deduct charitable contributions of up to one-third of the standard deduction allowed to such individual. (Under current law, an individual taxpayer generally must itemize their tax deductions to deduct charitable contributions.) The bill also eliminates the tax penalty for an underpayment of taxes attributable to overstated charitable contributions by taxpayers who do not itemize deductions. (Under current law, taxpayers who claim a deduction under this bill may be assessed a tax penalty in the amount of 50% of the portion of an understatement of tax liability attributable to overstated charitable contributions.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 January 2025

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 29 January 2025

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.