The record

LegislationLegislation· Dec 2024
HR 1432 Signed into law

Sponsored by Brad R. Wenstrup (R)

VETT Act

Lets donors deduct gifts to federally chartered veterans' organizations, up to 60% of income, starting in 2025.

Tradeoff

Lets donors deduct gifts to federally chartered veterans' organizations starting in 2025. Sets the deduction limit at 60% of adjusted gross income (AGI), above the lower limits for most charities.

What's in it

See official bill text
H.R. 1432, VETT Actwww.cbo.gov/publication/59941 · Feb 2024

The House passed the bill by on September 17, 2024. The Senate passed it by on December 4, 2024. The bill became law after its final action on December 12, 2024.

  1. House

    Introduced

    (Mar 7, 2023)

  2. House

    Committee on Ways and Means(Mar 7, 2023)

  3. House

    The Committee on Ways and Means voted to send it to the floor

    Reported 42 - 0(Nov 30, 2023)

    Committee report H. Rept. 118-351.

  4. House

    Passage of the bill

    Passed by (Sep 17, 2024)

    No individual votes were recorded.

  5. Senate

    Received from the House

    Received(Sep 18, 2024)

  6. Senate

    Passage of the bill

    Passed by (Dec 4, 2024)

    No individual votes were recorded.

  7. House

    Sent to the President

    (Dec 10, 2024)

  8. White House · Signature

    Signed

    Joe Biden (D)

  9. Enacted

    Became law(Dec 12, 2024)