[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 2530 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 2530

     To amend the Internal Revenue Code of 1986 to provide for the 
deductibility of charitable contributions to certain organizations for 
                      members of the Armed Forces.


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                   IN THE SENATE OF THE UNITED STATES

                             July 29, 2021

 Mr. Cassidy (for himself and Ms. Duckworth) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
     To amend the Internal Revenue Code of 1986 to provide for the 
deductibility of charitable contributions to certain organizations for 
                      members of the Armed Forces.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Charitable Equity for Veterans Act 
of 2021''.

SEC. 2. DEDUCTIBILITY OF CHARITABLE CONTRIBUTIONS TO CERTAIN 
              ORGANIZATIONS FOR MEMBERS OF THE ARMED FORCES.

    (a) In General.--
            (1) Definition of a charitable contribution.--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.''.
            (2) 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 adding at the end the following new clause:
                            ``(x) an organization described in section 
                        501(c)(19) that is a federally chartered 
                        corporation,''.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to taxable years beginning after the date of 
enactment of this Act.
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