,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #fea  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ag1        
#bjai,mr4 ,smith of ,new ,jersey 7for   
himself and ,mr4 ,cuellar7 introduced   
the following bill2 which was referred  
to the ,committee on ,ways and ,means   
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to allow the    
deduction for charitable contributions  
as an above-the-line deduction4  #a4    
,short title ,this ,act may be cited as 
the ,charitable ,giving ,tax ,deduction 
,act4  #b4 ,deduction for charitable    
contributions allowed in determining    
adjusted gross income  7a7 ,in general  
,section #fb7;a7 of the ,internal       
,revenue ,code of #aihf is amended by   
inserting after paragraph 7#g7 the      
following new paragraph3  7#h7          
,charitable contributions ,the deduction
 allowed under section #agj4  4  7b7    
,conforming amendment ,section          
#agj7;b77#a77;,h7 of such ,code is      
amended by striking 7computed without   

regard to any net operating loss        
carryback to the taxable year under     
section #agb74 and inserting the        
following3  determined without regard   
to-- 7i7 section #fb7;a77#h71 and  7ii7 
any net operating loss carryback to the 
taxable year under section #agb4  4  7c7
 ,effective date ,the amendment made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjah4