US HB6408 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 53-3)
Status: Introduced on March 27 2020 - 25% progression, died in committee
Action: 2020-03-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 27 2020 - 25% progression, died in committee
Action: 2020-03-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-27 | House | Referred to the House Committee on Ways and Means. |
| 2020-03-27 | House | Introduced in House |
Same As/Similar To
HB6424 (Same As) 2020-03-31 - Referred to the House Committee on Ways and Means.
HB1260 (Related) 2019-02-14 - Referred to the House Committee on Ways and Means.
HB1260 (Related) 2019-02-14 - Referred to the House Committee on Ways and Means.
Subjects
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
Taxation
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
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6408/all-info |
| Text | https://www.congress.gov/116/bills/hr6408/BILLS-116hr6408ih.pdf |
