S 846 · 104th Congress · Taxation

Charitable Volunteers Tax Credit Incentive Act of 1995

Introduced 1995-05-23· Sponsored by Sen. Ashcroft, John [R-MO]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: 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