Congress 109 - HR 3908 - Charitable Giving Act of 2005

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Cosponsors

Topics

Adoption Agriculture and Food Aid to dependent children Animals Block grants Blood banks Capital gains tax Cash welfare block grants Charitable contributions Child development Child health Child nutrition Childbirth Church and social problems Commerce Computers Corporate philanthropy Counseling Economics and Public Finance Education Elementary and secondary education Endangered species Excise tax Families Federally-guaranteed loans Finance and Financial Sector Financial services Food relief Forest conservation Foundations Gambling Government Operations and Politics Group homes Habitat conservation Health Higher education Housing and Community Development Income tax Individual retirement accounts Injunctions Intergovernmental fiscal relations Labor and Employment Landowners Law Lobbying Maternal health services Mothers Nursing homes Parent and child Personal budgets Public Lands and Natural Resources Religion Science, Technology, Communications Scientific instruments and apparatus Small business Social Welfare Sports and Recreation Stocks Student housing Tax deductions Tax exclusion Tax penalties Tax-exempt organizations Tax-exempt securities Taxation Teaching materials Trusts and trustees Unrelated business income tax Wildlife conservation

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Summary

Charitable Giving Act of 2005 - Amends the Internal Revenue Code with respect to charitable giving and charitable organizations to: (1) allow individuals who do not itemize a deduction from gross income for a portion of their charitable contributions; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) increase the cap on corporate charitable contributions; (4) allow non-corporate taxpayers a tax deduction for charitable contributions of food inventory; (5) revise certain excise taxes related to private foundations; (6) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (7) extend and expand the charitable contribution for scientific property used for research and for computer technology and equipment used for educational purposes; (8) adjust the basis of S corporation stock for certain charitable contributions; (9) revise church tax inquiry provisions; and (10) exclude from gross income certain landowner initiatives programs to conserve endangered habitats or species.

Amends title IV of the Social Security Act to: (1) authorize the Secretary of Health and Human Services to make grants to any private entity that operates a promising social services program (as defined by this Act): and (2) restore the 10 percent limit on transfers to the Social Services Block Grant Program.

Amends the Assets for Independence Act to reauthorize the assets for independence demonstration program through FY2008.

Expresses the sense of Congress encouraging corporate contributions to faith-based organizations.

Amends the Runaway and Homeless Youth Act to include maternity group homes within the program for transitional living youth projects for homeless youth.

Actions

Nov 7, 2005

Referred to the Subcommittee on Select Education.
Nov 7, 2005

Referred to the Subcommittee on 21st Century Competitiveness.
Sep 27, 2005

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 27, 2005

Introduced in House

Amendments

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