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A bill to accelerate the income tax benefits for charitable cash contributions for the relief of the families of the slain or injured victims of the Marjory Stoneman Douglas High School shooting, and for other purposes.

USA115th CongressS-2632| Senate 
| Updated: 4/9/2018
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Bill Nelson (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Marjory Stoneman Douglas High School Family Support Act of 2018 This bill accelerates the benefits of tax deductions for charitable cash contributions made for the relief of the spouses, dependents, or guardians of the slain or injured victims of the Marjory Stoneman Douglas High School shooting that occurred on February 14, 2018. A taxpayer who makes such a contribution may claim a deduction in 2017 for contributions made on or after February 13, 2018, and before April 18, 2018. Recordkeeping requirements for the deduction may be satisfied using a telephone bill showing the name of the organization to which a contribution was made with the date and amount of such contribution. A contribution that is made on or after February 14, 2018, may qualify as a charitable contribution even if it is for the exclusive benefit of the specified individuals. Payments made on or after February 14, 2018, and on or before October 15, 2018, to the individuals by a tax-exempt organization: (1) shall be treated as related to the purpose or function constituting the basis for such organization's tax exemption; and (2) may not be treated as inuring to the benefit of any private individual, if the payments are made in good faith using a reasonable and objective formula which is consistently applied.
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Timeline
Mar 22, 2018

Latest Companion Bill Action

HR 115-5382
Introduced in House
Apr 9, 2018
Introduced in Senate
Apr 9, 2018
Read twice and referred to the Committee on Finance.
  • March 22, 2018

    Latest Companion Bill Action

    HR 115-5382
    Introduced in House


  • April 9, 2018
    Introduced in Senate


  • April 9, 2018
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 115-5382: To accelerate the income tax benefits for charitable cash contributions for the relief of the families of the slain or injured victims of the Marjory Stoneman Douglas High School shooting, and for other purposes.
Charitable contributionsCrime victimsEducational facilities and institutionsElementary and secondary educationFloridaIncome tax deductionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizationsViolent crime

A bill to accelerate the income tax benefits for charitable cash contributions for the relief of the families of the slain or injured victims of the Marjory Stoneman Douglas High School shooting, and for other purposes.

USA115th CongressS-2632| Senate 
| Updated: 4/9/2018
Marjory Stoneman Douglas High School Family Support Act of 2018 This bill accelerates the benefits of tax deductions for charitable cash contributions made for the relief of the spouses, dependents, or guardians of the slain or injured victims of the Marjory Stoneman Douglas High School shooting that occurred on February 14, 2018. A taxpayer who makes such a contribution may claim a deduction in 2017 for contributions made on or after February 13, 2018, and before April 18, 2018. Recordkeeping requirements for the deduction may be satisfied using a telephone bill showing the name of the organization to which a contribution was made with the date and amount of such contribution. A contribution that is made on or after February 14, 2018, may qualify as a charitable contribution even if it is for the exclusive benefit of the specified individuals. Payments made on or after February 14, 2018, and on or before October 15, 2018, to the individuals by a tax-exempt organization: (1) shall be treated as related to the purpose or function constituting the basis for such organization's tax exemption; and (2) may not be treated as inuring to the benefit of any private individual, if the payments are made in good faith using a reasonable and objective formula which is consistently applied.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 22, 2018

Latest Companion Bill Action

HR 115-5382
Introduced in House
Apr 9, 2018
Introduced in Senate
Apr 9, 2018
Read twice and referred to the Committee on Finance.
  • March 22, 2018

    Latest Companion Bill Action

    HR 115-5382
    Introduced in House


  • April 9, 2018
    Introduced in Senate


  • April 9, 2018
    Read twice and referred to the Committee on Finance.
Marco Rubio

Marco Rubio

Republican Senator

Florida

Cosponsors (1)
Bill Nelson (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 115-5382: To accelerate the income tax benefits for charitable cash contributions for the relief of the families of the slain or injured victims of the Marjory Stoneman Douglas High School shooting, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsCrime victimsEducational facilities and institutionsElementary and secondary educationFloridaIncome tax deductionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizationsViolent crime