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118th Congress Taxation

H.R. 1432: VETT Act

Became LawPublic Law 118-146, signed Dec 12, 2024

  1. Introduced (completed)Mar 7, 2023
  2. Passed House (completed)Sep 17, 2024
  3. Passed Senate (completed)Dec 4, 2024
  4. To the President (completed)Dec 10, 2024
  5. Became law (completed)Dec 12, 2024

Summary

Public Law, Dec 12, 2024

This act allows a tax-exempt veterans' organization to receive tax deductible charitable contributions for tax years beginning after 2024, provided that the organization is a federally chartered organization. Further, the act limits the deduction for such contributions to 60% of the donor’s adjusted gross income.

Generally, a veterans' organization may be exempt from federal income tax provided that, among other requirements, at least 75% of its members are past or present members of the Armed Forces. However, to be eligible to receive tax deductible charitable contributions, the Internal Revenue Service requires that at least 90% of a tax-exempt veteran organization’s members must be wartime veterans. Charitable contributions made to a veterans' organization that does not meet this 90% threshold may be subject to federal income tax.

This act allows a tax-exempt veterans' organization to receive tax deductible charitable contributions for tax years beginning after 2024, provided that the organization is a federally chartered organization.

Read the full summary

The act also provides that, for tax years beginning after 2024, the deduction for charitable contributions made to a tax-exempt veterans' organization that is federally chartered is limited to 60% of the donor’s adjusted gross income, rather than the lower limits that apply to other types of charitable contributions.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

15

Bipartisan support.

Who scored on this bill

216 points earned
  1. 1Brad Wenstrup R-OH SponsorDrew cross-party cosponsors, introduced, reported, passed House, passed Senate, became law6 events+156
  2. 2James Baird R-INCosponsored; cosponsored bill passed2 events+4
  3. 2Salud Carbajal D-CACosponsored; cosponsored bill passed2 events+4
  4. 2Mike Carey R-OHCosponsored; cosponsored bill passed2 events+4
  5. 2Jason Crow D-COCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Brad Wenstrup

History

  1. Dec 12, 2024Signed by the President. Became Public Law 118-146.
  2. Dec 10, 2024Presented to the President.
  3. Dec 4, 2024Passed the Senate by voice vote.
  4. Sep 17, 2024Passed the House by voice vote.
  5. Mar 7, 2023Introduced in the House by Brad Wenstrup.
Show the full action history (19 actions)
  1. Dec 12, 2024Signed by President.
  2. Dec 12, 2024Became Public Law No: 118-146.
  3. Dec 10, 2024Presented to President.
  4. Dec 5, 2024Message on Senate action sent to the House.
  5. Dec 4, 2024Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
  6. Dec 4, 2024Passed Senate without amendment by Voice Vote. (consideration: CR S6823)
  7. Sep 18, 2024Received in the Senate, read twice.
  8. Sep 17, 2024Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
  9. Sep 17, 2024Considered under suspension of the rules. (consideration: CR H5272-5273)
  10. Sep 17, 2024DEBATE - The House proceeded with forty minutes of debate on H.R. 1432.
  11. Sep 17, 2024Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5272)
  12. Sep 17, 2024On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5272)
  13. Sep 17, 2024Motion to reconsider laid on the table Agreed to without objection.
  14. Jan 18, 2024Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-351.
  15. Jan 18, 2024Placed on the Union Calendar, Calendar No. 286.
  16. Nov 30, 2023Committee Consideration and Mark-up Session Held
  17. Nov 30, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 0.
  18. Mar 7, 2023Introduced in House
  19. Mar 7, 2023Referred to the House Committee on Ways and Means.