H.R.1493 - To amend the Internal Revenue Code of 1986 to allow nonitemizers a deduction for a portion of their charitable contributions and to exempt the charitable contribution deduction from the overall limitation on itemized deductions.104th Congress (1995-1996)
|Sponsor:||Rep. Crane, Philip M. [R-IL-8] (Introduced 04/07/1995)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/12/1995 Committee Hearings Held. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1493 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in House (04/07/1995)
Amends the Internal Revenue Code to allow individuals who do not itemize deductions a charitable contribution deduction to the extent the amount claimed exceeds $1,000 ($2,000 in the case of a joint return).
Excepts charitable contribution deductions from the overall limitation on itemized deductions.