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 Justice Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 50 percent of the amount allowable to the taxpayer as a charitable contribution deduction.
Limits such credit to $500 per taxable year.
Stipulates that such credit shall be in lieu of the charitable contribution deduction.
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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