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![handle is hein.congrecreports/crptxafyf0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-351
VSO EQUAL TAX TREATMENT ACT
JANUARY 18, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
R E P O R T
[To accompany H.R. 1432]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 1432) to amend the Internal Revenue Code of 1986 to
provide for the deductibility of charitable contributions to certain
organizations for members of the Armed Forces, having considered
the same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ................................................................. 2
A. Purpose and Summary ......................................................................... 2
B. Background and Need for Legislation ................................................ 2
C. Legislative History ............................................................................... 2
D. Designated Hearing .............................................................................. 3
II. EXPLANATION OF THE BILL ...................................................................... 3
A. Deductibility of Charitable Contributions to Certain Organizations
for Members of the Armed Forces (sec. 1 of the bill and sec.
170 of the Code) .................................................................................. 3
III. VOTE OF THE COMMITTEE ......................................................................... 5
IV. BUDGET EFFECTS OF THE BILL ............................................................. 5
A. Committee Estimate of Budgetary Effects ........................................ 5
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority ...................................................................... 6
C. Cost Estimate Prepared by the Congressional Budget Office ........... 6
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE
H O U SE ........................................................................................................ 6
A. Committee Oversight Findings and Recommendations ................... 6
B. Statement of General Performance Goals and Objectives ............... 6
C. Information Relating to Unfunded Mandates .................................... 6
D. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
Benefits ............................................................................................... 7
E. Duplication of Federal Programs ........................................................ 7
F. Tax Complexity Analysis ..................................................................... 7
VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 7
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