118 HR 1432 RH: VSO Equal Tax Treatment Act U.S. House of Representatives 2024-01-18 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.

IBUnion Calendar No. 286118th CONGRESS2d SessionH. R. 1432[Report No. 118–351]IN THE HOUSE OF REPRESENTATIVESMarch 7, 2023Mr. Wenstrup (for himself and Mr. Panetta) introduced the following bill; which was referred to the Committee on Ways and MeansJanuary 18, 2024Additional sponsors: Mr. Grothman, Mr. Murphy, Mrs. Miller of West Virginia, Mr. Carey, Ms. Sewell, Mr. Davis of Illinois, Mr. Crow, Mr. Tony Gonzales of Texas, Mr. Carbajal, Mr. Davis of North Carolina, Mr. Ryan, Mr. Baird, Mrs. Miller-Meeks, and Mr. FitzpatrickJanuary 18, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on March 7, 2023A 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 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.

January 18, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed