HR 6408
116th Congress
House
Taxation
Appropriations
Cardiovascular and respiratory health
Charitable contributions
Department of the Treasury
Emergency medical services and trauma care
Executive agency funding and structure
Government lending and loan guarantees
Income tax deductions
Infectious and parasitic diseases
Social work, volunteer service, charitable organizations
Tax-exempt organizations
To extend the charitable deduction to all taxpayers regardless of whether a taxpayer itemizes deductions in order to encourage and increase charitable giving, and to provide for loans and loan guarantees to certain public charities.
Introduced: March 27, 2020
Introduced by:
Moulton, Seth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2020
Referred to the House Committee on Ways and Means.
Mar 27, 2020
Introduced in House
Plain-English summary
This bill allows taxpayers to claim a tax deduction for charitable contributions even if they do not otherwise itemize their deductions.
The bill also directs the Department of the Treasury to make or guarantee loans to tax-exempt charitable organizations. The aggregate amount of such loans may not exceed $60 billion. Treasury must give priority in making such loans to organizations that are providing direct assistance to the COVID-19 (i.e., the coronavirus disease 2019) response effort.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1