118 HR 1432 : VSO Equal Tax Treatment Act U.S. House of Representatives 2024-09-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionH. R. 1432IN THE SENATE OF THE UNITED STATESSeptember 18, 2024ReceivedAN ACTTo 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 VSO Equal Tax Treatment Act or as the VETT Act .

2.

Deductibility of charitable contributions to certain organizations for members of the Armed Forces

(a)

In general

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..(b)

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 inserting after clause (ix) the following new clause:(x)an organization described in section 501(c)(19) that is a federally chartered corporation,.(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Passed the House of Representatives September 17, 2024.Kevin F. McCumber,Clerk.