20 February 2019

News Alert: House Ways and Means Member Introduces Legislation to Expand Charitable Giving

Last week, Rep. Danny Davis (D-IL) introduced a bill (H.R. 1260) that would create a universal charitable deduction to allow all taxpayers, regardless of whether they itemize their deductions, to deduct their charitable donations. As you may recall, the number of Americans giving to charity has been steadily declining since 2006, a trend that is deeply alarming to us at ACR. A provision like Rep. Davis’ universal charitable deduction could help right that course.

Rep. Davis is a longtime member of the House Ways and Means Committee – which has sole jurisdiction over charitable issues – and is well-positioned to lead this effort. He has also led other pieces of charitable legislation before, such as the effort to streamline the private foundation excise tax. We look forward to working with Rep. Davis, his staff, and the Charitable Giving Coalition to build cosponsorship and advance a universal charitable deduction.

This is the second piece of legislation in the 116th Congress that addresses the need to implement tax incentives to encourage charitable giving. Reps. Henry Cuellar (D-TX) and Chris Smith (R-NJ) introduced the Charitable Giving Tax Deduction Act (H.R. 651) last month, which would expand the charitable deduction to all taxpayers, nearly identical to the Davis bill.

If you have any questions about the legislation, or want to know how you can support these efforts, please contact Sara Barba at sbarba@urbanswirski.com.