US SB2632 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 9 2018 - 25% progression, died in committee
Action: 2018-04-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 9 2018 - 25% progression, died in committee
Action: 2018-04-09 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Marjory Stoneman Douglas High School Family Support Act of 2018 This bill accelerates the benefits of tax deductions for charitable cash contributions made for the relief of the spouses, dependents, or guardians of the slain or injured victims of the Marjory Stoneman Douglas High School shooting that occurred on February 14, 2018. A taxpayer who makes such a contribution may claim a deduction in 2017 for contributions made on or after February 13, 2018, and before April 18, 2018. Recordkeeping requirements for the deduction may be satisfied using a telephone bill showing the name of the organization to which a contribution was made with the date and amount of such contribution. A contribution that is made on or after February 14, 2018, may qualify as a charitable contribution even if it is for the exclusive benefit of the specified individuals. Payments made on or after February 14, 2018, and on or before October 15, 2018, to the individuals by a tax-exempt organization: (1) shall be treated as related to the purpose or function constituting the basis for such organization's tax exemption; and (2) may not be treated as inuring to the benefit of any private individual, if the payments are made in good faith using a reasonable and objective formula which is consistently applied.
Title
Marjory Stoneman Douglas High School Family Support Act of 2018
Sponsors
Sen. Marco Rubio [R-FL] | Sen. Bill Nelson [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2018-04-09 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB5382 (Related) 2018-03-22 - Referred to the House Committee on Ways and Means.
Subjects
Charitable contributions
Crime victims
Educational facilities and institutions
Elementary and secondary education
Florida
Income tax deductions
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Violent crime
Crime victims
Educational facilities and institutions
Elementary and secondary education
Florida
Income tax deductions
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Tax-exempt organizations
Taxation
Violent crime
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/2632/all-info |
Text | https://www.congress.gov/115/bills/s2632/BILLS-115s2632is.pdf |