Buchanan Lauds Passage of Bill to Promote Charitable Giving
WASHINGTON -- Congressman Vern Buchanan (R-FL), a senior Member of the House Ways and Means Committee, made the following statement about House passage of H.R. 644, the Fighting Hunger Incentive Act, a bill that makes permanent several tax provisions that encourage charitable giving:
“Government should be doing all it can to encourage charitable giving, not discourage it,” Buchanan said. “This common-sense legislation will help bring clarity and predictability to the tax code so it is easier and less costly for Americans to give to those in need. I call upon the Senate to pass this bipartisan bill and for President Obama to sign it into law.”
The bill allows individuals to make tax-free charitable contributions directly from an IRA, makes it less costly for businesses to donate food, provides tax incentives for the donation of conservation easements, and simplifies certain tax rules for tax-exempt private foundations.
Megarie van Sickel, Executive Director of the American Red Cross of Southwest Florida, said: “Thanks to the generosity of the American public, the Red Cross is able to support individuals and families after home fires and other disasters.” She noted that making the IRA provision permanent “will help our donors in Florida and across the nation plan their charitable giving throughout the year.”
Sue Stewart, CEO of Girl Scouts of Gulfcoast Florida, also praised House passage of the bill saying “Donors are so very generous. And, when they make a significant and meaningful gift, it is most effective when the charity and the donor benefit without additional burden!”