Bill116th CongressFiled Mar 18, 2020Taxation
S. 3525
Supporting Charitable Institutions Act of 2020
Bill journey · stage 2 of 5
Under committee review
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Both ChambersBoth
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What it doesSummary introduced in senate (Mar 18, 2020)
Supporting Charitable Institutions Act of 2020
This bill allow a new tax credit for charitable contributions made in cash during 2020 to a charitable organization for relief efforts connected to COVID-19 (i.e., the coronavirus disease 2019). The credit is limited to 24% of contributions not exceeding $4,000 for an individual taxpayer, $6,000 for a head of household, and $8,000 for a married couple filing a joint return.
What just happenedMar 18, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Shaheen, Jeanne [D-NH](D-NH)Sponsor
1committees2actions1related bills6subjects
- Introduced in SenateMar 18, 2020
- Mar 18, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 18, 2020IntroReferral10000
Introduced in Senate