Search Results for keywords:"federally chartered corporations"

Search Results: keywords:"federally chartered corporations"

H. R. 1432 — An Act To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
September 18, 2024
Status:Received in Senate
Congress:118
Words:290
H. R. 1432, known as the "VSO Equal Tax Treatment Act" or the "VETT Act", aims to amend the Internal Revenue Code of 1986. This bill allows charitable contributions to certain organizations for members of the Armed Forces, specifically those described in...
Simple Explanation
H. R. 1432, the VETT Act, is like a special rule that lets people give money to certain groups that help soldiers and get a "thank you" from the government by paying a little less in taxes. But some parts aren't very clear about who exactly can get this special help, making it a bit confusing.
H. R. 1432 — To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
January 18, 2024
Status:Reported in House
Congress:118
Words:572
H.R. 1432 proposes an amendment to the Internal Revenue Code, allowing charitable contributions made to specific organizations linked to the Armed Forces to be tax-deductible. The bill targets organizations that meet the criteria outlined under section 501(c)(19) of the...
Simple Explanation
Imagine a new rule that says if someone gives money to special groups that help people in the military, they can pay a little less on their taxes. This rule only works for certain big groups that are approved by the government.
H. R. 1432 — An Act To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
December 06, 2024
Status:Enrolled Bill
Congress:118
Words:285
H.R. 1432, known as the "VSO Equal Tax Treatment Act" or the "VETT Act," aims to amend the Internal Revenue Code of 1986 to allow deductions for charitable donations made to certain organizations for Armed Forces members. The bill specifically adds federally chartered corporations under...
Simple Explanation
Imagine the government is making it easier for people to give money to groups that help soldiers, by letting them pay less in taxes when they donate. But they're only doing this for certain special soldier groups, which might make other groups feel left out.
H. R. 1432 — An Act To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
September 17, 2024
Status:Engrossed in House
Congress:118
Words:316
H. R. 1432, also known as the "VSO Equal Tax Treatment Act" or the "VETT Act," proposes amendments to the Internal Revenue Code of 1986. The bill aims to allow charitable contributions to certain organizations affiliated with the Armed Forces, specifically those classified...
Simple Explanation
The "VETT Act" is a plan to let people get a tax break when they give money to certain special groups that help people in the military. But it only works for some groups that the government has specifically approved.

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