HR 7 - Community Solutions Act of 2001 - National Key Vote

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Title: Community Solutions Act of 2001

Vote Smart's Synopsis:

Vote to pass a bill that would allow religious organizations who provide social services to apply for and receive federal funding, and provides $13.3 billion in tax breaks for charitable giving over a ten year period

Highlights:

  • Stipulates that religious organizations who provide social services are eligible to receive federal funds and compete on the same terms as non-religious organizations.
  • Grants up to $25 in deductions to individuals and $50 to couples who submit non-itemized tax returns.
  • Raises cap on deductible corporate charitable donations from 10 to 15 percent by the year 2010.
  • Allows individuals over 70 ½-years old to make tax-free charitable donations from their IRAs.

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