qualified contribution

(A)For purposes of this subsection, the term “qualified contribution” means any charitable contribution (as defined in) if— (i)such contribution is paid during the period beginning on, and ending on, in cash to an organization described in(other than an organization described in section 509(a)(3)), (ii)in the case of a contribution paid by a corporation, such contribution is for relief efforts related to Hurricane Katrina, Hurricane Rita, or Hurricane Wilma, and (iii)the taxpayer has elected the application of this subsection with respect to such contribution. (B)Such term shall not include a contribution if the contribution is for establishment of a new, or maintenance in an existing, segregated fund or account with respect to which the donor (or any person appointed or designated by such donor) has, or reasonably expects to have, advisory privileges with respect to distributions or investments by reason of the donor’s status as a donor. (C)In the case of a partnership or S corporation, the election under subparagraph (A)(iii) shall be made separately by each partner or shareholder. (b)Paragraphs (1) and (2)(A) ofshall not apply to losses described in section 165(c)(3)—

Source

26 USC § 1400S(a)(4)(A)


Scoping language

None: Default is title Scope
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