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Supporting Charitable Institutions Act of 2020

2/8/2022, 11:17 PM

Congressional Summary of HR 6325

Supporting Charitable Institutions Act of 2020

This bill allow a new tax credit for charitable contributions made in cash during 2020 to a charitable organization for relief efforts connected to COVID-19 (i.e., the coronavirus disease 2019). The credit is limited to 24% of contributions not exceeding $4,000 for an individual taxpayer, $6,000 for a head of household, and $8,000 for a married couple filing a joint return.

Current Status of Bill HR 6325

Bill HR 6325 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6325 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6325's most recent activity was Referred to the House Committee on Ways and Means. as of March 23, 2020

Bipartisan Support of Bill HR 6325

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6325

Primary Policy Focus

Taxation

Potential Impact Areas

- Cardiovascular and respiratory health
- Charitable contributions
- Emergency medical services and trauma care
- Income tax credits
- Income tax deductions
- Infectious and parasitic diseases

Alternate Title(s) of Bill HR 6325

Supporting Charitable Institutions Act of 2020
To allow a tax credit for certain coronavirus-related charitable contributions for taxable year 2020.
Supporting Charitable Institutions Act of 2020

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