H.R. 1432 — rds

II 118th CONGRESS 2d Session H. R. 1432 IN THE SENATE OF THE UNITED STATES September 18, 2024Received 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. 1. Short title This Act may be cited as the VSO Equal Tax Treatment Act or as the VETT Act . 2. Deductibility of charitable contributions to certain organizations for members of the Armed Forces (a) In general Section 170(c) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (5) the following new paragraph: (6) An organization described in section 501(c)(19) that is a federally chartered corporation. . (b) Percentage limitation Section 170(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (viii), by adding or at the end of clause (ix), and by inserting after clause (ix) the following new clause: (x) an organization described in section 501(c)(19) that is a federally chartered corporation, . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. Passed the House of Representatives September 17, 2024.Kevin F. McCumber,Clerk.