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S. 677Senate118th Congress (2023-2025)In Committee

VETT Act

Sponsored by Bill CassidySen. Bill Cassidy (R-LA)
Introduced March 7, 2023

AI-Generated Summary

Updated January 20, 2026 at 4:24 AM UTC

The VETT Act amends the Internal Revenue Code so that members of the Armed Forces can treat charitable contributions to certain veterans organizations as tax‑deductible. Specifically, it adds federally chartered corporations classified under section 501(c)(19) to the list of organizations whose donations qualify. The change affects service members who donate and the eligible veterans organizations.

Key Provisions

  • Adds a new charitable contribution definition that includes organizations described in section 501(c)(19) that are federally chartered corporations.
  • Updates the percentage limitation for deductible charitable contributions to count donations to those federally chartered veterans organizations.
  • Specifies that the amendments apply to taxable years beginning after the law’s enactment.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

March 7, 2023

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SenateIntro Referral

Introduced in Senate

March 7, 2023

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

March 7, 2023

Bill Text

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Introduced in SenateIssued March 7, 2023

II

118th CONGRESS

1st Session

S. 677

IN THE SENATE OF THE UNITED STATES

March 7, 2023

Mr. Cassidy (for himself and Ms. Duckworth) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

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.

1.

Short title

This Act may be cited as the VSO Equal Tax Treatment Act or the VETT Act.

2.

Deductibility of charitable contributions to certain organizations for members of the Armed Forces

(a)

In general

(1)

Definition of a charitable contribution

Section 170(c) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (5) the following new paragraph:

(6)

An organization described in section 501(c)(19) that is a federally chartered corporation.

.

(2)

Percentage limitation

Section 170(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (viii), by adding or at the end of clause (ix), and by adding at the end the following new clause:

(x)

an organization described in section 501(c)(19) that is a federally chartered corporation,

.

(b)

Effective date

The amendments made by this section shall apply with respect to taxable years beginning after the date of enactment of this Act.