[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1432 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1432

     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 HOUSE OF REPRESENTATIVES

                             March 7, 2023

  Mr. Wenstrup (for himself and Mr. Panetta) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 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 ``VSO Equal Tax Treatment Act'' or as 
the ``VETT Act''.

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 inserting after clause (ix) 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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