Impact on Libraries
These two bills are identical in text and have just been introduced to the respective parts of Congress.
This bill allows individual taxpayers who do not otherwise itemize their tax deductions a deduction in taxable years beginning in 2023 or 2024 for charitable contributions. The deduction is limited to one-third of the standard deduction allowed to such taxpayers.
Actions for HR3435:
- Introduced in the House May 17, 2023
- Referred to the House Committee on Ways and Means May 17, 2023
Actions for S. 566:
- Introduced in the Senate February 28, 2023; read twice
- Referred to the Senate Committee on Finance February 28, 2023