H.R.6408: 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.

About This Bill

  • Introduced March 27, 2020
  • Latest Major Action March 27, 2020

Bill Version

Bill 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.,...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.6408.

Bill Actions

Date Description
March 27, 2020
Referred to the House Committee on Ways and Means.
March 27, 2020

Introduced in the House by Seth Moulton (D-Mass.)

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