Living Organ Donor Tax Credit Act of 2023

Hozzl · 2024-02-05T14:30:09Z

Explore the details of House Bill 6171 Living Organ Donor Tax Credit Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/5/2024, 2:30 PM

Summary of Bill HR 6171

The Living Organ Donor Tax Credit Act of 2023, designated as H.R. 6171 in the 118th Congress and introduced on November 2, 2023, aims to provide a tax credit for living organ donors. The bill proposes incentives for individuals who donate organs by offering a tax credit, potentially encouraging more organ donations. Further details about specific eligibility criteria, the amount of the tax credit, and implementation mechanisms can be found in the official bill text available on Congress's website.

Congressional Summary of HR 6171

Living Organ Donor Tax Credit Act of 2023

This bill establishes a refundable tax credit of up to $5,000 for expenses related to the removal and donation of all or part of a kidney, liver, lung, pancreas, intestine, or bone marrow by a living individual for transplant into another individual.

Expenses that may be included in the calculation of this tax credit include travel, lodging, medical expenses related to donation and follow-up care, paperwork and legal costs, lost wages, and any other costs paid by the taxpayer in connection with the transplant.

Expenses related to the transplant that are reimbursed by any person or entity (public or private) may not be included in the calculation of the credit amount.

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Current Status of Bill HR 6171

Bill HR 6171 is currently in the status of Bill Introduced since November 2, 2023. Bill HR 6171 was introduced during Congress 118 and was introduced to the House on November 2, 2023. Bill HR 6171's most recent activity was Referred to the Subcommittee on Health. as of November 3, 2023