H.R. 4468

Haiti Action Initiative and Tax Incentive Act of 2010

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I

111th CONGRESS

2d Session

H. R. 4468

IN THE HOUSE OF REPRESENTATIVES

January 19, 2010

Mr. Murphy of New York (for himself and Mr. Himes) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To accelerate the income tax benefits for charitable cash contributions for the relief of victims of the January 12, 2010, earthquake in Haiti.

1.

Short title

This Act may be cited as the Haiti Action Initiative and Tax Incentive Act of 2010.

2.

Acceleration of income tax benefits for charitable cash contributions for relief of Haitian earthquake victims

(a)

In general

For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made during January 2010 as if such contribution was made on December 31, 2009, and not in January 2010.

(b)

Contribution described

A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in areas affected by the January 12, 2010, earthquake in Haiti for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986.