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 - Amends the Internal Revenue Code to allow individuals a nonrefundable income tax credit for charitable contributions in lieu of a deduction. Provides that the credit shall not exceed 50 percent of the deduction which would be allowed or $500, whichever is less.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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