Universal Giving Pandemic Response Act

2/9/2022, 12:55 AM

Congressional Summary of HR 7324

Universal Giving Pandemic Response Act

This bill allows taxpayers who do not otherwise itemize their tax deductions to deduct from their gross income charitable contributions made in 2019 and 2020. The amount of such deduction may not exceed one-third of the taxpayer's standard deduction in any year.

Current Status of Bill HR 7324

Bill HR 7324 is currently in the status of Bill Introduced since June 24, 2020. Bill HR 7324 was introduced during Congress 116 and was introduced to the House on June 24, 2020.  Bill HR 7324's most recent activity was Referred to the House Committee on Ways and Means. as of June 24, 2020

Bipartisan Support of Bill HR 7324

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
13
Democrat Cosponsors
10
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7324

Primary Policy Focus

Taxation

Potential Impact Areas

Charitable contributionsIncome tax deductionsTax administration and collection, taxpayers

Alternate Title(s) of Bill HR 7324

Universal Giving Pandemic Response ActTo amend the Internal Revenue Code of 1986 to allow above-the-line deductions for charitable contributions for individuals not itemizing deductions.Universal Giving Pandemic Response Act
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