,i  #aagth ,,congress  #ast ,session    
,h4 ,r4 #dehe  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bj1 #bjba,mr4 
,suozzi 7for himself and ,mr4 ,buchanan7
 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    
provide for flexible giving accounts1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,everyday ,philanthropist ,act4  #b4    
,flexible giving accounts  7a7 ,in      
general ,subsection 7a7 of section #acb 
of the ,internal ,revenue ,code of #aihf
 is amended by striking or at the end of
 paragraph 7#g71 by striking the period 
at the end of paragraph 7#h7 and        
inserting 1 or1 and by inserting after  
paragraph 7#h7 the following3  7#i7     
flexible giving account4  4  7b7        
,flexible giving account ,section #acb  
of such ,code is amended by             
redesignating subsection 7o7 as         
subsection 7p7 and by inserting after   

subsection 7n7 the following3  7o7      
,flexible giving account  7#a7 ,in      
general  7,a7 ,flexible giving account  
,for purposes of this subsection1 a     
flexible giving account is an account   
under an arrangement which is a separate
 written plan of an employer for the    
exclusive benefit of all eligible       
employees under which-- 7i7 an employee 
may elect-- 7,i7 to receive a reduction 
in compensation and have the employer   
deposit the amount of the reduction in a
 flexible giving account of the electing
 employee1 and  7,,ii7 before the       
reduction under subclause 7,i71 to      
designate one or more eligible entities 
to which distributions are to be made   
from the account1  7ii7 the employer    
will not make any reduction under clause
 7i77,i7 unless one or more entities    
have been designated under clause       
7i77,,ii71  7iii7 the employer1 as soon 
after the deposit under clause 7i77,i7  
as practicable1 makes the disbursements 
designated under clause 7i71  7iv7 the  

employer provides reasonable            
notification of the availability and    
terms of the arrangement to all eligible
 employees1  7v7 the employer maintains 
a separate flexible giving account on   
behalf of each employee for whom an     
election is in effect clause 7i71 and   
7vi7 the employer agrees to furnish to  
each participating employee1 on or      
before ,january #ca of each year1 a     
written accounting of the employee's    
flexible giving account showing deposits
 and disbursements during the previous  
calendar year4  7,b7 ,maximum reduction 
,the amount of a reduction under        
subparagraph 7,a7 for a taxable year    
shall not exceed #b1gjj4  7#b7 ,eligible
 employee ,for purposes of this         
subsection-- 7,a7 ,in general  7i7      
,eligible employee ,the term eligible   
employee means1 with respect to a       
flexible giving account1 any employee   
who is not a highly compensated or key  
employee and who is eligible to         
participate in the arrangement4  7ii7   

,highly compensated employee ,the term  
highly compensated employee has the     
meaning given such term by section      
#dad7q74  7iii7 ,key employee ,the term 
key employee has the meaning given such 
term by section #daf7;i74  7,b7 ,certain
 employees may be excluded ,for purposes
 of subparagraph 7,a71 an employer may  
elect to exclude under the arrangement  
described in paragraph 7#a7 any employee
 who-- 7i7 has not attained the age of  
#ba before the close of a plan year of  
the arrangement1  7ii7 has less than #a 
year of service with the employer as of 
any day during the plan year1 and  7iii7
 is described in section                
#daj7;b77#c77;,c7 7relating to          
nonresident aliens working outside the  
,united ,states74  7,c7 ,shorter service
 period2 younger age ,an arrangement may
 provide a shorter period of service or 
younger age for purposes of subparagraph
 7,b74  7#c7 ,tax treatment of          
distributions  7,a7 ,in general ,any    
distribution from a flexible giving     

account shall not be includible in the  
gross income of the distributee4  7,b7  
,coordination with section #agj         
,distributions from the flexible giving 
account of an employee-- 7i7 shall be   
treated as a charitable contribution of 
the employee for purposes of section    
#agj1  7ii7 shall not be taken into     
account under section #agj7;a7 7relating
 to allowance of deduction71 but  7iii7 
shall be taken into account under       
section #agj7;b7 7relating to percentage
 limitation74  7,c7 ,identifying        
information ,no distribution shall be   
excluded from the gross income under    
subparagraph 7,a7 unless the taxpayer   
provides on the return of tax the name  
and address of the entity to whom the   
distribution is made4 ,in the case of a 
failure to provide the information      
required by the preceding sentence1 the 
preceding sentence shall not apply if it
 is shown that the taxpayer exercised   
due diligence in attempting to provide  
the information so required4  7#d7      

,eligible entity ,for purposes of this  
section1 the term eligible entity means 
any entity described in paragraphs 7#a7 
through 7#e7 of section #agj7;c7 other  
than a private foundation described in  
subsection 7b77#a77;,f74  4  7c7        
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after the date of the   
enactment of this ,act4