Summary: H.R.12427 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.12427. Bill summaries are authored by CRS.

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Introduced in House (03/11/1976)

Amends the Internal Revenue Code to allow a deduction for donations of blood to charitable organizations in an amount equal to $25 for each pint donated.

Limits the aggregate amount of donations which shall be deductible to $125 in any taxable year.