A bill to amend the Internal Revenue Code of 1986 to provide a credit for charitable contributions, and for other purposes.

Summary

Amends the Internal Revenue Code to permit an individual income tax credit of up to $100 ($200 for a joint return) of the value of certain charitable contributions to any tax-exempt, U.S. organization that spends at least 70 percent of aggregate expenditures assisting the poor. Requires that: (1) taxpayers identify each such contribution and the recipient on the individual's tax return; and (2) such charities provide copies of their annual return to such individuals upon request. Repeals the earned income credit for individuals without children, as well as certain increases in such credit for individuals with children.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 June 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 June 1995

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 June 1995

  Open at official source

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