H.R.1872 - Gift of Life Tax Credit Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Hansen, James V. [R-UT-1] (Introduced 05/16/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/16/2001 Referred to the House Committee on Ways and Means. (All Actions)|
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Text: H.R.1872 — 107th Congress (2001-2002)All Information (Except Text)
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Introduced in House (05/16/2001)
[Congressional Bills 107th Congress] [From the U.S. Government Printing Office] [H.R. 1872 Introduced in House (IH)] 107th CONGRESS 1st Session H. R. 1872 To amend the Internal Revenue Code of 1986 to allow a refundable credit to individuals who donate their organs at death. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 16, 2001 Mr. Hansen introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow a refundable credit to individuals who donate their organs at death. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Gift of Life Tax Credit Act of 2001''. SEC. 2. REFUNDABLE CREDIT FOR ORGAN DONATIONS. (a) In General.--Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to refundable credits) is amended by redesignating section 35 as section 36 and by inserting after section 34 the following new section: ``SEC. 35. ORGAN DONATIONS. ``(a) In General.--In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by this subtitle the amount of $10,000 for the taxable year which includes the date of the individual's death. ``(b) Eligible Individual.--For purposes of this section, the term `eligible individual' means any individual if-- ``(1) before such individual's death, such individual made a clear declaration of intent to donate any of such individual's organs at death for transplantation, ``(2) such declaration was made while the individual was legally competent and at least 18 years of age, ``(3) such individual's death is not the result of a suicide, and ``(4) one or more of such individual's organs is donated at death for transplantation under a program approved by the Secretary of Health and Human Services.'' (b) Conforming Amendments.-- (1) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting before the period ``, or from section 35 of such Code''. (2) The table of sections for subpart C of part IV of subchapter A of chapter 1 of such Code is amended by striking the last item and inserting the following new items: ``Sec. 35. Organ donations. ``Sec. 36. Overpayments of tax.''. (c) Effective Date.--The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act. <all>