Summary: H.R.2225 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.2225. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/04/1995)

Choice in Welfare Tax Credit Act of 1995 - Amends the Internal Revenue Code to permit an individual income tax credit of up to $100 ($200 for a joint return) of the value of certain charitable contributions to any tax-exempt, U.S. organization that spends at least 70 percent of aggregate expenditures assisting the poor. Requires that: (1) taxpayers identify each such contribution and the recipient on the individual's tax return; and (2) such charities provide copies of their annual return to such individuals upon request.