Summary: H.R.6408 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6408. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/27/2020)

This bill allows taxpayers to claim a tax deduction for charitable contributions even if they do not otherwise itemize their deductions.

The bill also directs the Department of the Treasury to make or guarantee loans to tax-exempt charitable organizations. The aggregate amount of such loans may not exceed $60 billion. Treasury must give priority in making such loans to organizations that are providing direct assistance to the COVID-19 (i.e., the coronavirus disease 2019) response effort.