$50,000 Tax Credit for Non-Directed Living Kidney Donations
This bill amends the Internal Revenue Code to provide a refundable tax credit for individuals who make a qualified non-directed living kidney donation. Eligible individuals are allowed a credit totaling $50,000, distributed as $10,000 per year over five taxable years. The legislation also clarifies that this credit is not considered valuable consideration under the National Organ Transplant Act.
Key points
Establishes a refundable tax credit of $10,000 annually for five years ($50,000 total) for living kidney donors.
Applies to non-directed donations where the donor does not know the identity of the recipient at the time of removal.
Specifies that the tax credit does not violate prohibitions on purchasing organs.
Expired
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