HR 1768 · 104th Congress · Taxation
Choice in Welfare Tax Credit Act of 1995
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1995-06-07)
Plain Language Summary
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Choice in Welfare Tax Credit Act of 1995 - 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
12 Republicans