There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/31/1976)

Amends the Internal Revenue Code to increase the maximum allowable deduction for charitable contributions by corporations from the present five percent of the corporation's taxable income to the lesser of (1) ten percent of the corporation's taxable income; or (2) the sum of five percent of the corporation's taxable income plus $100,000.