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DIGEST OF INTRODUCED BILL
Charitable contribution deduction. Allows a taxpayer other than a corporation to take an income tax deduction for charitable contributions in an amount equal to the lesser of: (1) the amount of the charitable contribution; or (2) $5,000 for a single return or $10,000 for a joint return. Provides that a taxpayer may not claim the deduction if the taxpayer itemizes the contribution for federal tax purposes.