,,ii  #aag? ,,congress  #a/ ,session    
,s4 #fah  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #i1 #bjba ,mr4    
,lank=d 7= himself1 ,mr4 ,coons1 ,mr4   
,lee1 ,mrs4 ,%ahe51 ,mr4 ,scott ( ,s\?  
,c>ol9a1 ,ms4 ,klobu*>1 ,ms4 ,coll9s1 & 
,ms4 ,cortez ,ma/o7 introduc$ ! foll[+  
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 modify & ext5d ! d$uction = *>itable   
contributions = individuals n itemiz+   
d$uctions4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,univ]sal ,giv+ ,p&emic 
,response & ,recov]y ,act4  #b4         
,modification & ext5sion ( d$uction =   
*>itable contributions = individuals n  
itemiz+ d$uctions  7a7 ,9 g5]al         
,subsection 7p7 ( section #agj ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7p7 ,special rule =  
taxpay]s :o d n elect ,to itemize       
d$uctions ,9 ! case ( a taxable ye>     
beg9n+ 9 #bjba or #bjbb1 ! d$uction "u  
?is subsection = ! taxable ye> %all be  

equal to s mu* ( ! d$uction det]m9$ "u  
?is section 7)\t reg>d to ?is           
subsection7 = su* taxable ye> z does n  
exce$ an am\nt equal to #a_/c ( ! am\nt 
( ! /&>d d$uction ) respect to su*      
individual = su* taxable ye>4 ,?is      
subsection %all apply only 9 ! case ( an
 individual :o does n elect to itemize  
d$uctions = ! taxable ye>4  4  7b7      
,elim9ation ( p5alty  7#a7 ,9 g5]al     
,section #fffb7;b7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ p>agraph
 7#i74  7#b7 ,increas$ p5alty ,section  
#fffb ( su* ,code is am5d$ by /rik+     
subsection 7l74  7#c7 ,con=m+ am5dm5t   
,section #fgea7;b77#b77;,a7 ( su* ,code 
is am5d$ by /rik+ #ffee1 or #fffb 7b    
only ) respect to an addition to tax by 
reason ( subsection 7b77#i7 !re(7 &     
ins]t+ or #ffee4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ,decemb]   
#ca1 #bjbj4