Giving incentives bill falls short in U.S. House
While the Providers' Council had sought support for the Supporting America’s Charities Act, H.R. 5806, the legislation failed to pass the U.S. House in a vote on Thursday, December 11.
H.R. 5806 sought to make permanent three charitable giving tax incentives: allowing older Americans to make IRA rollovers for charitable purposes without suffering tax consequences; promoting an incentive for donations of conservation easements to protect the environment; and making it easier for farmers and small businesses to donate food to community food banks.
The bill needed support from two-thirds of the House because of the procedural rule that allowed expedited consideration. The final vote was just eight votes short of the two-thirds needed to pass.
This legislation would have benefited thousands in Massachusetts who look for support during the holiday season and throughout the year. Continue below to read letters the Providers’ Council sent, urging Senator Markey, Senator Warren and Representative Tierney to support H.R. 5806.