A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for any individual who performs voluntary service for any organization engaged in the treatment, care, or rehabilitation of the physically handicapped or the mentally ill.

Summary

Amends the Internal Revenue Code to allow an individual an income tax credit for 70 percent of any voluntary service contribution made by such individual to a nonprofit, tax-exempt institution for the care of the physically handicapped or mentally ill. Limits the amount of such credit to $750 ($1,500 for joint returns). Defines "voluntary service contribution" as an amount computed by multiplying the number of uncompensated hours of service which the taxpayer performs for an institution times the greater of $2 or the Federal minimum wage in effect at the time the service was performed. Requires the taxpayer to be eligible for such credit, to have performed during the taxable year, at least 50 hours of service without compensation, for an institution for the physically handicapped or mentally ill.

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Timeline

1. 22 February 1979

   Introduced

   Introduced in House

   Source: IntroReferral

2. 22 February 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 February 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 22 February 1979

  Open at official source

Sponsors

• Rep. McKinney, Stewart B. [R-CT-4] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for any individual who performs voluntary service for any organization engaged in the treatment, care, or rehabilitation of the physically handicapped or the mentally ill.