A bill to amend the Internal Revenue Code of 1954 to increase the percentage limitation on the amount of the deduction allowable for charitable contributions made by corporations.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the percentage limitation to the lesser of ten percent of the taxpayer's taxable income or the sum of five percent of the taxpayer's income plus $100,000 for the amount of the income tax deduction granted to corporations for charitable contributions.…