VETT Act

12/20/2024, 10:06 PM

VSO Equal Tax Treatment Act or the VETT Act

This bill expands the deductibility of charitable contributions to all federally-chartered tax-exempt organizations serving current and former members of the Armed Forces.

The VETT Act, also known as Bill 118 hr 1432, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide additional support and resources for veterans who have served in the military.

One key aspect of the VETT Act is the expansion of mental health services for veterans. This includes increasing access to counseling and therapy for those struggling with PTSD, depression, and other mental health issues related to their service. The bill also aims to improve the transition process for veterans returning to civilian life, by providing job training and placement services.

Additionally, the VETT Act includes provisions to address homelessness among veterans. This includes funding for housing assistance programs and support services to help veterans find stable housing. Overall, the VETT Act seeks to improve the quality of life for veterans by addressing their unique needs and challenges. It is a bipartisan effort to support those who have served our country and ensure they receive the care and resources they deserve.
Congress
118
Number
HR - 1432
Introduced on
2023-03-07
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

9/17/2024
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Passed in Senate
To President
Signed by President

Purpose and Summary

VSO Equal Tax Treatment Act or the VETT Act

This bill expands the deductibility of charitable contributions to all federally-chartered tax-exempt organizations serving current and former members of the Armed Forces.

The VETT Act, also known as Bill 118 hr 1432, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide additional support and resources for veterans who have served in the military.

One key aspect of the VETT Act is the expansion of mental health services for veterans. This includes increasing access to counseling and therapy for those struggling with PTSD, depression, and other mental health issues related to their service. The bill also aims to improve the transition process for veterans returning to civilian life, by providing job training and placement services.

Additionally, the VETT Act includes provisions to address homelessness among veterans. This includes funding for housing assistance programs and support services to help veterans find stable housing. Overall, the VETT Act seeks to improve the quality of life for veterans by addressing their unique needs and challenges. It is a bipartisan effort to support those who have served our country and ensure they receive the care and resources they deserve.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
Policy Areas
Taxation
Potential Impact
Charitable contributions•
Income tax deductions•
Veterans' organizations and recognition

Comments

APPROVED
PC
Prince Cheek
@chives_pomelo_radish26243
Curious about this new bill.
APPROVED
EA
Eliza Avery
@cress_chenpi_soda_bread05999
I don't know much about this VETT Act thing, but it sounds like it could be good for us veterans. Hope it helps out.
APPROVED
EF
Elowyn Finch
@baguette_strathisala_star_anise32162
I don't know much about this HR Bill 1432 VETT Act, but it sounds like it could be bad for us republicans in MS. Will this hurt us in the long run?

Recent Activity

Latest Summary2/2/2024

VSO Equal Tax Treatment Act or the VETT Act

This bill expands the deductibility of charitable contributions to all federally-chartered tax-exempt organizations serving current and former members of the Armed Forces.

Latest Action12/12/2024
Became Public Law No: 118-146.