117 S2530 IS: Charitable Equity for Veterans Act of 2021 U.S. Senate 2021-07-29 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.

II117th CONGRESS1st SessionS. 2530IN THE SENATE OF THE UNITED STATESJuly 29, 2021Mr. Cassidy (for himself and Ms. Duckworth) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo 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 Charitable Equity for Veterans Act of 2021.

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.