S 846 · 104th Congress · Taxation
Charitable Volunteers Tax Credit Incentive Act of 1995
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(1995-05-23)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Internal Revenue Code to create a tax credit not to exceed $500 (in lieu of a deduction) for cash contributions made by an individual to a tax-exempt private charitable organization primarily assisting the poor, for which the individual must also have worked at least 50 hours. Denies such credit if the donor or a family member is an officer or employee of such organization, or has another specified relationship with the organization that would involve self-dealing.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
6 Republicans