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Tax Deductions for Donations to Federally Chartered Veterans Groups.

This bill amends tax law to allow citizens to deduct charitable contributions made to specific, federally chartered veterans' organizations from their taxable income. This change provides a financial incentive for individuals to support groups dedicated to members of the Armed Forces. The goal is to equalize the tax treatment of these contributions with other major charities.
Key points
Contributions to federally chartered veterans' organizations (VSOs) are now fully tax-deductible.
Taxpayers who donate to these groups can reduce their adjusted gross income, potentially lowering their tax bill.
The new deduction rules apply to taxable years starting after the law is enacted.
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Additional Information
Print number: 118_S_677
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2023-03-07
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

VETT Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_677.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-07.

What are the main provisions?

Key points include:

  • Contributions to federally chartered veterans' organizations (VSOs) are now fully tax-deductible.
  • Taxpayers who donate to these groups can reduce their adjusted gross income, potentially lowering their tax bill.
  • The new deduction rules apply to taxable years starting after the law is enacted.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes