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- H.R.6424
H.R.6424: 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 31, 2020
- Latest Major Action March 31, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - March 31, 2020
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)
Bill Actions
Date | Description |
---|---|
March 31, 2020 |
Referred to the House Committee on Ways and Means.
|
March 31, 2020 |
Introduced in the House by Seth Moulton (D-Mass.) |