US SB3525 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 18 2020 - 25% progression, died in committee
Action: 2020-03-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allow a new tax credit for charitable contributions made in cash during 2020 to a charitable organization for relief efforts connected to COVID-19 (i.e., the coronavirus disease 2019). The credit is limited to 24% of contributions not exceeding $4,000 for an individual taxpayer, $6,000 for a head of household, and $8,000 for a married couple filing a joint return.
Title
Supporting Charitable Institutions Act of 2020
Sponsors
| Sen. Jeanne Shaheen [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB6325 (Same As) 2020-03-23 - Referred to the House Committee on Ways and Means.
Subjects
Cardiovascular and respiratory health
Charitable contributions
Emergency medical services and trauma care
Income tax credits
Income tax deductions
Infectious and parasitic diseases
Taxation
Charitable contributions
Emergency medical services and trauma care
Income tax credits
Income tax deductions
Infectious and parasitic diseases
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3525/all-info |
| Text | https://www.congress.gov/116/bills/s3525/BILLS-116s3525is.pdf |
