Charitable Equity for Veterans Act of 2019

Bill: 116-hr-1715
Sponsor: full_name: Rep. Kind, Ron [D-WI-3]
Introduced: 2019-03-13
Policy area: Taxation
Subjects: Charitable contributions

Income tax deductions

Veterans' organizations and recognition
Latest action: action_date: 2019-03-13
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-03-13
action_desc: Introduced in House
text: <p><b>Charitable Equity for Veterans Act of 2019</b></p> <p>This bill allows a tax deduction for charitable contributions to certain federally chartered organizations of past or present members of the Armed Forces. (Under current law, donations to such an organization are only deductible if at least 90% of the organization's membership consists of war veterans. The bill expands the deduction to include organizations that do not meet the wartime service requirement and are federally chartered.)</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 1715 IN THE HOUSE OF REPRESENTATIVES March 13, 2019 Mr. Kind (for himself and Mr. Wenstrup ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.

1. Short title This Act may be cited as the Charitable Equity for Veterans Act of 2019 . 2. Deductibility of charitable contributions to certain organizations for members of the Armed Forces (a) In general (1) Definition of a charitable contribution Section 170(c) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (5) the following new paragraph: (6) An organization described in section 501(c)(19) that is a federally chartered corporation. . (2) Percentage limitation Section 170(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (viii), by adding or at the end of clause (ix), and by adding at the end the following new clause: (x) an organization described in section 501(c)(19) that is a federally chartered corporation, . (b) Effective date The amendments made by this section shall apply with respect to taxable years beginning after the date of enactment of this Act.