H.R. 1432 — Reported in House

IB Union Calendar No. 286 118th CONGRESS 2d Session H. R. 1432 [Report No. 118–351] IN THE HOUSE OF REPRESENTATIVES March 7, 2023Mr. Wenstrup (for himself and Mr. Panetta) introduced the following bill; which was referred to the Committee on Ways and Means January 18, 2024Additional sponsors: Mr. Grothman, Mr. Murphy, Mrs. Miller of West Virginia, Mr. Carey, Ms. Sewell, Mr. Davis of Illinois, Mr. Crow, Mr. Tony Gonzales of Texas, Mr. Carbajal, Mr. Davis of North Carolina, Mr. Ryan, Mr. Baird, Mrs. Miller-Meeks, and Mr. Fitzpatrick January 18, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on March 7, 2023 A BILL 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. January 18, 2024Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed