A bill to amend the Internal Revenue Code of 1954 to allow an individual to elect a tax credit for 50 percent of his charitable contributions in lieu of the deduction allowed for such contributions.
Religious and Charitable Donors' Tax Credit Act - Allows an income tax credit under the Internal Revenue Code equal to 50 percent (and up to $500) of the amount allowed as a charitable deduction. Disallows a claim of a tax deduction when such tax credit is claimed.
Referred to House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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